Companies need to be aware of the legal risks and liabilities associated with their use of artificial intelligence (AI)-based technologies, as technology firms are not the only ones in regulators’ sights.

“Using AI can be like having an intern with a drinking problem,” said Justin Garten, a lecturer and AI consultant specializing in large language models, during a session at Compliance Week’s Europe conference in London on Tuesday. “At first, they look as if they know what they’re talking about, and then you slowly realize they don’t.

Neil Hodge is a freelance business journalist and photographer based in Nottingham, United Kingdom. He writes on insurance and risk management, corporate governance, internal audit, compliance, and legal...