Brian Daly, Michael Kahn Quoted by Private Equity Law Report on AI in Private Funds

For its article “Embracing AI in Private Funds: Emerging AI Technology and Valuable Legal- and Compliance‑Related Applications,” Private Equity Law Report quoted Akin investment management & private equity partner Brian Daly and Akin intellectual property (IP) partner Michael Kahn.

This first part of a two‑part series delves into the impact of AI on the legal and compliance space. Brian and Michael are quoted throughout.

A few highlights:

• “AI’s capacity for predictive analysis has the potential to transform risk management as we know it, especially in terms of regulatory and compliance risk,” Brian said.
• Michael noted various copyright and patent infringement cases tied to the sphere of AI, expecting continued legal scrutiny of IP rights in this domain.
• Brian noted that given the profound changes AI can bring to data handling in business, fund managers must coordinate closely with their respective chief technology officers to ensure their firms’ safeguards are, in fact, impervious.
• Michael warned that the expanding role of AI in PE is a double-edged sword, bringing potential advantages and challenges in equal measure, necessitating the establishment of robust training, governing policies and best practices to navigate the issues effectively.
• Brian noted that although AI can catalyze efficiency, organizations still need to preserve human expertise and intuition. “AI is not going to take your job, per se, but you may end up losing your job to somebody who can leverage AI better than you,” he said.

To read the full article, click here.