Professor Vasant Dhar shares insights on the legal and regulatory challenges firms face with the implementation of AI
— February 19, 2018
Excerpt from CIO -- "The first question for regulators, Dhar says, is do state-of-the-art AI systems — regardless of application domain — result in acceptable error costs? For example, transportation regulators might determine that since autonomous vehicles would save 20,000 lives a year, the technology is worthwhile for society. 'But for insurance markets to emerge, we might need to consider regulation that would cap damages for errors,' he says."