ARTIFICIAL INTELLIGENCE PLUS LAW EQUALS WHAT?
So what are going to do with all of the data that we collect about ourselves? Maybe give the job to machines. Isn’t that one of the goals of artificial intelligence? In a word, yes.
(More Questions than answers)
Are we in the realm of open source?
Privacy issues? Use and access of data across continents?
How will our US use of AI be impacted by having to comply with European Data Privacy laws?
Where is the machine operating? Effecting? Jurisdictional issues?
Labor laws? There is tremendous concern over displacing workers with machines.
What if the [recent] Cyberattack on our global infrastructure was committed by a machine?
It is a concern some seem to have had in this article: https://techcrunch.com/2015/08/22/artificial-intelligence-legal-responsibility-and-civil-rights/
Is artificial intelligence just software or even hardware created by a machine?
A machine creating a machine?
Who is responsible for a machine built to “commit” war? A crime?
This was the point of the below article and the open letter written by Musk and others: https://techcrunch.com/2015/07/27/artificially-assured-destruction/#.woknrl:EnLr
I am not talking just moving money, stealing personal data, shutting down infrastructure, bio warfare, hacking. I am talking about all of the above.
- What about the IP? Who owns the ip created by a machine?
- Does it matter?
- Who is responsible for the mistakes of a machine
I am troubled by the suggestion here that the law simply did not hold a manufacturer responsible when its machine hurt an individual because the manufacturer did after all follow regulations. https://techcrunch.com/2017/01/28/artificial-intelligence-and-the-law/
Feel free to email me with the legal issues that come into play when we discuss artificial intelligence.
I am running into way too many of the following – easy to avoid – problems that all entrepreneurs can easily avoid:
1) Why would you be in a 50/50 voting partnership or LLC? Are you really going to agree on absolutely everything and if you don’t then what? Or better yet, what if your partner/LLC member/fellow shareholder starts to withdraw their own draw or salary and never shows up again? Then what? You’re really going to sue them? Good luck with that?
2) Your partner never assigned the trademark or copyright to the entity? I see that the shareholder agreement requires the assignment but NO ONE EVER made anyone sign an assignment? Now what? Go after your lawyer or legal zoom? Again, good luck.
3) You lent your start up significant (for you at least) money to get started, pay AP, or hire someone. You never even took the time to write out a promissory note OR worse you did but you have zero security interest. Have you ever heard of the expression junior most lien holder? Well if you are only a shareholder, that is you. May I call you Junior?
4) You rented an office for your new entity, have version 1 of your product and even money in the bank but your insurance policy is in your own name because you bought it from the same guy who sold you your personal car insurance. Now the company been sued for trademark infringement and guess what, the policy doesn’t cover your new company because it is not a named insured.
5) You rented that above office as a subleasee up in Silicon Valley South and the owners of the building just stopped by to say hello and sees that you have a large fish tank. Isn’t that nice. The owner also sees that your company never got written consent and has decided to raised the rent effective next month or begin eviction of the master tenant. Now what?
6) Your form documents cut and pasted an indemnity provision in there which you never read and never really understood. Would you believe me if I told you that your doc says “you hereby indemnify your client for any claim arising from the delivery of your service to them?” What? Why would your lawyer draft that provision? She didn’t? Well, where then did that provision come from?
7) How much money do you need to spend to make your next $1 in net profit? Don’t answer by telling me you are investing in your business. Tell me about what it will cost you to make $1 million in net revenue? Ok that too tough? How about $1 million in gross?
Go for it. I am always here for you.
Sequoia capital offers the best advice here so follow it.
“EVERY BUSINESS STARTS WITH A BLINKING CURSOR OR BLANK SHEET OF PAPER. THE BEST FOUNDERS ARE CLEAR THINKERS. THEY DON’T NEED MANY WORDS, CHARTS, SPREADSHEETS OR SLIDES TO EXPRESS THEIR IDEAS. MANY OF THEM JUST USED THIS SIMPLE OUTLINE.” – Sequoia Capital
Use their handy outline and keep it really simple.
I am in no way affiliated with them or them with me. Use at your own risk. You might get replaced by their board and have to wait until your blackout date passes to sell your very low valued stock. Go for it!