How Can Generative AI Assist Your Business?
What is generative artificial intelligence, embedded in applications such as ChatGPT? How could it help your business? What pitfalls should you avoid. What policies should you craft around it?
This is no longer science fiction. AI has become a reality and every business will be impacted by its use and application and your business must get on board with dealing with it and using it.
You Can, But Should You?
To begin with, employers thinking about using AI such as ChatGPT during hiring and selection need to familiarize themselves with the technology at a conceptual level, and then look closely at—and understand well enough so they can explain to others—how AI integrates with their recruiting tools and practices.
A key piece of state legislation in Illinois pertaining to the use of AI is the Artificial Intelligence Video Interview Act (820 ILCS 42/1), which lays down various stipulations for the recording of video interviews and subsequent use of AI while evaluating said recordings.
Family Owned Business
Succession or Dissolution?
They make great stories when they’re successful, but maintaining continuity of family-owned businesses from generation to generation presents many challenges. A family-owned business can be an excellent means of transferring and preserving generational wealth when run smoothly. Learning to work together as a family can benefit everyone and the business.
But many families just don’t get along, and those internal familial problems have a way of working themselves into the operation of the business. When that happens, family members inevitably look to their attorneys for guidance, and at that point litigation may be the only option.
Chicago Business Attorney Blog