Artificial intelligence (AI) tools, particularly large language models, are quickly becoming integral to financial advising. Recent evidence, however, demonstrates that they can act against investors’ interests. In a 2023 experiment,researchers deployed GPT‑4 as an autonomous trading agent and found that it executed an insider trade and then concealed the reason, evidence that sophisticated models can
Law School Blogs
SEC Chair Testifies Before Senate Appropriations Subcommittee on Financial Services
Chairman Hagerty, Ranking Member Reed, and members of the Subcommittee. Thank you for inviting me to testify today.[1]
I am grateful for the opportunity to discuss the Securities and Exchange Commission, including our important mission on behalf of our fellow citizens, investors, and taxpayers. I also appreciate the opportunity as well to speak to…
Pay-to-Play in Venture Capital Financing
By Gad Weiss
The startup ecosystem fuels America’s economy in ways few other sectors can match. It has also ridden waves of boom and bust, with periods of explosive growth followed by cool-downs. During these market downturns, capital becomes scarce and investors must make difficult decisions about which startups in their portfolios deserve continued support. In a new…
The Law Bytes Podcast, Episode 233: Abdi Aidid on AI, the Law and the Future of Legal Practice
The discussion on the intersection between AI and the law, especially with respect to legal services continues to grow. From lawyers that mistakenly rely on AI generated cases to AI support for due diligence and comment review, the role of AI within legal practice has emerged as a critical issue. Professor Abdi Aidid is a…
SEC Chair Testifies Before House Appropriations Subcommittee on Financial Services
Chairman Joyce, Ranking Member Hoyer, and members of the Subcommittee. Thank you for inviting me to testify today.[1]
I am grateful for the opportunity to discuss the SEC, including our important mission on behalf of our fellow citizens, investors, and taxpayers. I also appreciate the opportunity as well to speak to some of my…
When the Drumbeat of Intolerance Becomes Too Loud to Ignore: Reflections on Campus Antisemitism, Academic Freedom and My Global Technology Law Exchange Course
The need for fact-based, good-faith discussion and exchange to address our most challenging policy issues has never been greater. My Hub Canada op-ed notes that universities should be ideally suited for a leading role, yet in recent months, the drumbeat of intolerance has undermined their ability to do so. Last week, the well-documented rise of antisemitism and…
Solomon’s Choice: Charting the Future of AI Policy in Canada
The decision to create a Minister for Artificial Intelligence sends an unmistakable signal that the Carney government recognizes the need to prioritize AI as a core part of its economic strategy. My Globe and Mail op-ed notes that while few doubt the importance of AI, what the federal government should do about it is far less…
UK: UCL law school has stated its intention to “secure” assessments against artificial intelligence (AI), declaring the shift a “response to the future” in upholding trust and integrity amid “AI slop”.
By Sean
Legal Cheek reports In a chunky paper published by the top law school, leading academics analyse AI in legal education — the main message being that they will ensure more than half of assessments they run cannot be completed with AI assistance. Two main reasons underpin the shift: “Our task as a law faculty is…
The Corporate Restructuring Machine: How AI Could Improve Workouts
Out-of-court corporate restructurings, or “corporate workouts,” involve high-stakes multi-party negotiations without a clear procedural framework, such as the one that Chapter 11 provides. This gives the parties the freedom to design workouts without the constraints imposed by a rigid legal process – and can save them significant amounts of money.
At the same time, corporate…
Preparing Students for the Artificial Intelligence Era: The Crucial Role of Critical Thinking Skills by Samantha A. Moppett
Professor Moppett has written an article suggesting that law schools teach critical thinking to help students and lawyers deal with the problems of AI: Preparing Students for the Artificial Intelligence Era: The Crucial Role of Critical Thinking Skills by Samantha…