Artificial intelligence (AI) is revolutionizing all business and industry sectors by automating tasks, simplifying research, providing valuable insights, and adding efficiencies to business processes and operations. One of the most exciting advancements in AI is the emergence of generative AI. This form of AI does not just analyze data but creates new data with similar characteristics. It is the technology behind deepfakes, AI-composed music, and AI-written articles and other texts. Generative AI opens up a world of possibilities, enabling us to create and innovate in ways we never thought possible. However, it also presents new challenges and ethical considerations that we must navigate carefully. As we continue to explore the potential of both generative and "traditional" AI, it is crucial to understand its implications and how to use it responsibly. Join us on Wednesday, January 24, 2024 — in-person or live-streaming — at the next Midwest Cyber Security Alliance meeting, where sponsor and host Foley & Lardner LLP will give you the legal and business perspectives on these issues. Know the basics of the latest AI technology. Understand the risks. Identify steps to take and changes to make to existing processes to leverage this powerful technology. Our interactive discussion will: • Demystify AI, explaining its various forms and how it is being used across industries to drive innovation and efficiency • Delve into the numerous advantages AI offers, such as automation of routine tasks, data-driven decision-making, personalized customer experiences, and the ability to predict trends and behaviors • Discuss how AI can streamline operations, reduce costs, and increase productivity (case studies demonstrating successful AI implementation will be highlighted) • Address the potential risks associated with AI, including data privacy issues, algorithmic bias, job displacement, and the challenges of explainability • Guide you through the legal landscape surrounding AI, discussing current regulations, potential legal pitfalls, and the importance of robust AI governance frameworks • Conclude with a discussion on balancing the benefits of AI with its potential risks Questions will be encouraged throughout the session. We aim to equip businesses with the knowledge to harness the power of AI responsibly and effectively. We look forward to an engaging and enlightening discussion.