THE SOCIAL-ECONOMIC AND LEGAL PERSPECTIVE OF ARTIFICIAL INTELLIGENCE (AI IN CONTRACT LAW AND ADM)
Sharvani Srivastava
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ABSTRACT
This research paper delves into the multifaceted dimensions of Artificial Intelligence (AI) by examining its intricate intersections with contract law, automated decision-making, and public perceptions through research and surveys. In Part 1, the investigation unfolds the growth of AI's influence on contract law, unraveling its meaning and assessing the pros and cons. The section sheds light on the transformative impact of AI in contractual relationships, addressing its potential to streamline processes while highlighting concerns related to accountability and legal interpretation. Part 2 delves into the realm of automated decision-making, unveiling the mechanisms driving AI's role in facilitating quicker and more consistent decisions. While presenting the advantages of automated decision-making, the section meticulously scrutinizes associated risks, including invisible profiling, user expectations, and potential adverse effects on individuals. In Part 3, the research extends to public sentiment through conducted surveys and research, unveiling societal attitudes, expectations, and concerns regarding AI. By exploring general topics and questions related to AI, this section contributes valuable insights into the broader societal impact and implications of AI technologies.
Keywords
AI
Artificial Intelligence
Contract Law
ADM
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