The event orbited around the pivotal role in-house lawyers will play in their organisations’ implementation of AI technologies and how this will impact sectors, including intellectual property, contracting, data privacy, HR, general compliance with the new AI Act, and the challenges of foundation models like ChatGPT.

David Kirton, partner, told the event: “Businesses across the globe are grappling with the legal challenges posed by increased adoption and regulation of AI, and those in the Cork and wider Munster region are no exception.

“In this masterclass, we will discuss some of the practical ways in which in-house counsel can help prepare their companies for success in the ongoing AI revolution.”

Barry Scannell, a consultant in the firm, added: “The eruption of AI systems we are now witnessing was sparked by the exponential growth of Big Data.

“AI’s development hinges on data availability, and its current expansion is closely linked to the abundance of data it can learn from. Looking ahead, it’s anticipated that by 2025, the volume of information produced every 15 minutes will exceed the total data output of human civilization up to the year 2023.”

David Cullen tackled the subject of liability issues, often underestimated, that may arise from the use of AI. He underscored the importance of reviewing contracts with a keen eye on IP and liability considerations.

This masterclass formed part of William Fry’s ongoing commitment to providing up-to-date and relevant information to in-house counsels and clients, helping them navigate the complex legal landscape of emerging technologies.