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Navigating Tech Investments: Due Diligence with an Eye on GenAI
Day Pitney Counsel Laura Land Himelstein and Partner R. Scott Beach co-authored an article for WealthManagement.com’s Mid-Year Outlook on due diligence considerations for family offices investing in generative AI (“GenAI”). Beach is chair of the firm’s Corporate and Business Law department and Family Office Practice. Himelstein is Counsel at the firm and focuses her practice on technology transactions, privacy, intellectual property, and AI.
The article highlights key risks for family offices to consider when evaluating GenAI opportunities, including validating differentiated and proprietary intellectual property, assessing risk from hallucinated or inaccurate outputs, privacy and cyber security risks unique to AI, business continuity, and ensuring governance and policies address AI.
Tailored due diligence is essential to manage these risks–and to protect capital and reputation.
