Artificial intelligence & Trusts and Trustees: a new dawn of investment opportunities and risks?
Year: 2024
Type: article
Abstract: This article examines the opportunities and risks that can be created for trusts by generative artificial intelligence. In particular, the work is concerned with how AI investment tools may affect trusts, given their growing use in investment management. It is argued that trusts can be exposed to the risks and opportunities that this technology may create through the trustees’ general investment power. However, currently, trustees can undertake appropriate risk management by exercising their section 4 and 5 duties relating to investment. The work ends by suggesting that targeted statutory reform and guidance is needed to deal with AI risks.
Source: Trusts & Trustees
Author: Lloyd A Brown
Institution: Swansea University
Language: English
Subfield: Law
Field: Social Sciences
Domain: Social Sciences
Open Access status: hybrid
Estimated APC paid: $4,269
OpenAlex ID: W4404525529