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Jun 3, 2019

When AI makes a bad decision, who's legally responsible? Lisa R. Lifshitz speaks to CBC about how these legal issues might apply in Canada

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CBC — Spark View original

A Hong Kong billionaire, an investment manager, and a money managing supercomputer called K1 – what could go wrong?

K1 was designed to comb through online sources to make stock market  predictions and execute trades, adjusting its strategy over time based on machine-learning.

But after a billionaire tycoon entrusted a large amount of money to the artificial intelligence system, he faced some very real losses — including $20 million in a single day.

The billionaire now suing the salesman who persuaded him to entrust his fortune to a robot. The lawsuit – one of the first over AI triggered stock market losses – raises many questions about the legal implications of AI.

Lisa Ruth Lifshitz of our Emerging Technology & Technology, Privacy & Data Management Groups speaks to CBC's Nora Young, host of the show Sparkabout how some of those legal issues might apply here in Canada.

Visit CBC Radio online to listen to the complete interview. 

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