A PRECURSORY LEGAL INVESTIGATION OF ARTIFICIAL INTELLIGENCE'S ADAPTABILITY IN CORPORATE DECISION-MAKING
Prachi Tiwari · 2024
Artificial Intelligence (AI) has emerged as a transformative technology in various aspects of society, including corporate governance. Corporate governance refers to the mechanisms and processes through which corporations are directed, controlled, and regulated. AI has gained significant traction in corporate decision-making processes in recent years, offering businesses unparalleled efficiency and adaptability. This study delves into the multifaceted implications of AI's integration into corporate decision-making. It explores the legal challenges related to liability, bias and discrimination, intellectual property that arise when AI systems play a pivotal role in shaping corporate strategies. Additionally, it highlights the evolving regulatory landscape, emphasizing the importance of transparency, ethics, and sector-specific regulations in harnessing AI's potential while ensuring legal compliance. This study underscores the need for a comprehensive legal framework to effectively navigate the intricate intersection of AI and corporate governance. AI has penetrated our everyday experiences in an assortment of scenarios. Albeit AI‘s presence in our daily lives is evident, the implications of embedding AI in the corporate world are unpredictable, particularly in this time frame when the importance of effective corporate management is being accentuated surpassing ever. As a result, in the middle of the precarious circumstances in which Indian enterprises find themselves, the deployment of AI in the boardroom solicits careful consideration. This also enables a dramatic rethinking of current corporate practices in order to prepare them for any difficult future issues. Thus, adopting a doctrinal and analytical approach, this study investigates the range of situations in which human directors may be empowered or inclined to rely on AI with respect to Indian corporate law, as well as the repercussions on corporate governance