skip to main content
 
 
 
News
In the News
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

Share:
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. 

Related News

In the News

Lisa R. Lifshitz addresses legal and regulatory concerns at ISMG's recent Cybersecurity Summit

Lisa R. Lifshitz shares insights on key considerations for choosing cloud providers, as well as how to ensure compliance with emerging regulations in ...
Oct 10, 2019
Firm News

Torkin Manes joins as a sponsor of the upcoming #movethedial Global Summit

Torkin Manes is proud to be sponsoring the 2019 #MoveTheDial Global Summit on November 14th in Toronto. The event aims to increase the parti...
Oct 8, 2019
Firm News

Torkin Manes partners with #JLFToronto2019 to bring internationally acclaimed authors to the stage

Torkin Manes is proud to be a Festival Partner for #JLFToronto2019 held September 27-29 in Toronto’s historic Distillery District. Uniting inter...
Sep 30, 2019