First, software-as-a-service (SaaS). Then, infrastructure-as-a-service (IaaS). Now, artificial intelligence-as-a-service (AIaaS).
AIaaS is reshaping commercial transactions, raising new legal questions for counsel advising on technology contracts, compliance, and governance.
Here is what transactional lawyers need to know about AIaaS: its origins, how it differs from other cloud models, what contracting looks like today, and where it may be headed.
AI’s Impact on Transactions
Companies race to integrate generative AI and machine learning into their products and operations, and are increasingly doing so by purchasing access to AI capabilities delivered through the cloud—not by building models in-house. For transactional lawyers, AI isn’t ...