Artificial intelligence: risks & opportunities

/Artificial intelligence: risks & opportunities

14 October 2016

Chapman Tripp and the Institute of Directors are calling on Government to take the lead in addressing opportunities, risks and challenges presented by Artificial Intelligence (AI).

A white paper released by the two organisations calls for the establishment of a high-level working group to consider potential impacts of AI on New Zealand.

“While AI technologies have already been in use for many years – in a wide range of domains, including transportation, healthcare, financial services, education and processing natural language  – the area is developing rapidly,” said Chapman Tripp partner Bruce McClintock.

Experts surveyed for the study, Future Progress in Artificial Intelligence, said there is a 50% chance AI will exceed the general intelligence of a human in the next 24 years, rising to a 90% chance within 60 years.

“New Zealand should engage with AI positively, ensuring we benefit from the opportunities it will provide, while addressing the policy, ethical and social issues that arise in each domain it will affect,” McClintock said.

“Lawyers have an important role in assisting policymakers as they adapt existing laws and regulations to advances in AI.  While much of this will consider specific issues – for example, regulating the use of autonomous vehicles or addressing privacy concerns – there are also challenges to core legal assumptions about such things as legal responsibility and agency.  Lawyers are likely to see significant change in how the practice of law is undertaken.”

The Institute of Directors said while the impact of AI on the New Zealand economy is unquantifiable, all sectors should be investing more in AI technologies to make the most of their full potential.

“This extends from start-ups to SMEs and corporates, government agencies and educational institutes.  AI is an extraordinary challenge for our future.  Establishing a government-led high-level working group is critical to help New Zealand rise to that challenge.”

Click here to view the white paper.