Artificial Intelligence in Business Law: Navigating Regulation, Ethics, and Governance
Murali Krishna Pasupuleti · 2024
Abstract: This chapter examines the transformative role of artificial intelligence (AI) in business law, focusing on the regulatory, ethical, and governance challenges it presents. As AI applications in legal processes grow—ranging from compliance automation and contract management to risk assessment and predictive compliance—organizations must navigate complex regulatory landscapes and address ethical considerations like data privacy, bias, and transparency. This chapter provides insights into current and emerging regulatory frameworks, such as GDPR and the EU’s AI Act, along with practical governance strategies to ensure AI aligns with legal standards and ethical norms. Through real-world case studies and discussions on the global variability of AI regulations, readers gain a comprehensive understanding of how to implement responsible AI frameworks in business law, balancing innovation with accountability and trust. Keywords: artificial intelligence, business law, regulation, ethics, corporate governance, compliance, data privacy, transparency, accountability, predictive compliance, AI bias, GDPR, EU AI Act, legal technology, responsible AI