{"id":84476,"topic":"ai","source":"news.bloomberglaw.com","title":"Corporate Attorneys Navigate AI Risks as Doomsday Talk Grows - news.bloomberglaw.com","url":"https://news.bloomberglaw.com/artificial-intelligence/corporate-attorneys-navigate-ai-risks-as-doomsday-talk-grows","url_hash":"5c0085c031d3d727b23ab2f52da19ab484203e67","author":"","summary":"Corporate Attorneys Navigate AI Risks as Doomsday Talk Grows news.bloomberglaw.com","content":"The growing national angst over unchecked and fast-developing AI models is accelerating the urgency for companies using artificial intelligence to put their houses in order.\nWarnings from leaders of the top AI labs about existential risks posed by the most advanced models mark an inflection point for companies juggling competitive pressures to accelerate AI use while aggressively reexamining their safety guardrails.\nLegal counsel are advising companies to mitigate their risk by sticking with core practices: cautiously use pioneer AI models from leaders such as Anthropic and OpenAI, keep a human in the loop, vet vendors, and double-check the kind of access to company information given to AI agents. And donât panic.\nâA lot of people are worried that the sky is falling, and it may be, but our job is to make sure the roof doesnât cave in,â said Eric Dodson Greenberg, executive vice president and chief legal officer of Cox Media Group.\nAnthropic CEO Dario Amodei, who published an essay Saturday urging a slowdown in AI growth, acknowledges the corporate challenge. He, along with Salesforce CEO Marc Benioff, said Tuesday that companies have just started taking advantage of AI and could need more help to make that transformation.\nStill, at this point, there is no turning back for those using AI in pursuit of efficiency gains to keep their companies competitive and meet expectations of their boards and executive teams.\nâThe toothpaste is out of the tube when it comes to AI deployment across companies,â said Virginia Johnson, a partner at OGC, a firm that includes general counsel providing legal help to companies. âThat means for the GC, the primary mandate is having proper governance internally to make sure that your use of AI is done according to policies, procedures, proper training, ethical deployment, and managing the risk within your own company.â\nUneven Scenario\nA thorough examination of how companies are keeping AI in check cannot come soon enough.\nAn EY survey released Tuesday pointed to an uneven scenario as companies try to balance speed and safety: About half of AI leaders in companies said their organizations sidestepped AI governance frameworks to deploy AI quickly.\nItâs another yellow flag urging companies to slow down in the AI evolution.\nâWe have to be embracing it through incremental calibrated steps and safe experiments that allow us to move this forward where weâre managing the risk level,â said Cox Mediaâs Greenberg, who is also a Bloomberg Law columnist.\nHis advice: Think of AI governance as something where the technology changes constantly and so does the way humans interact with it.\nThat means looking at where exactly AI is being used in a company, identifying the highest risk uses, assigning a human owner, vetting vendors, and having a process for identifying problems, said Jobe Danganan, a former founding enforcement attorney at the Consumer Financial Protection Bureau who is now a co-founder and CEO of LexText AI, a legal text platform.\nâYou wonât eliminate every risk, but you should understand the risks youâre taking and be able to explain why your safeguards were reasonable,â said Danganan, previously a general counsel for financial technology companies.\nSlowing down could mean that the next frontier model could get delayed, leading to higher costs.\nâThereâs going to be more cost in the system that maybe we have to absorb as a customer because OpenAI, Anthropic, etc., are going to have to absorb more cost for governance, pass it along to us possibly,â said Dana Rao, former general counsel and executive vice president of Adobe.\nâWe have to have a hard conversation now about the earnings we just reported, the forecast we just reported. Are they still good? We have to go back to the street. We have to be transparent to our investors,â Rao, an AI fellow at Fordham University, said.\nStill, many companies using standard AI models will be just fine, legal leaders said.\nâGenerally speaking, if Iâve successfully deployed todayâs version of an LLM, I would feel pretty comfortable saying just keep using it,â Rao said.\nShared Responsibility\nThe public nature of the disclosures last weekend will help in talking about risks more openly, said Scott Meyers, chairman and CEO of Akerman LLP.\nâWhat it means is that we all need to work together because this goes candidly beyond just helping a company survive or meet its revenue targets,â he said. âThe risk here goes far beyond just how it impacts the company, but all of the companies now are aware of what this can mean, both from an external attack plus using agents inside the firewall.â\nSo far, political leaders have split over when and how Congress should weigh in with increased regulation. President Donald Trump is in the camp arguing against regulation, saying it would help China.\nSeparately, tech leaders like Demis Hassabis of Google DeepMind have advocated for a regulatory body modeled on Finra, which monitors US brokerage firms and stockbrokers.\nâItâs very much in the US governmentâs interest to be at the forefront of this conversation and the convener and the drafter. And if they donât, I do think the industry is going to have to look elsewhere to help them come up with industry standards,â said Beth George, the head of US litigation, arbitration, and global investigations at Freshfields.\nLearn more about Bloomberg Law or Log In to keep reading:\nSee Breaking News in Context\nBloomberg Law provides trusted coverage of current events enhanced with legal analysis.\nAlready a subscriber?\nLog in to keep reading or access research tools and resources.","image_url":"https://news-api.bloomberglaw.com/v1/resize-image?url=https%3A%2F%2Fbloomberg-bna-brightspot.s3.us-east-1.amazonaws.com%2F05%2F06%2Fcaeb850942098559228abec3bb62%2F445690157.jpg&width=1200&height=600&fit=cover&crop=3993x1539%2B3%2B73","lang":"en","published_at":"2026-09-17T09:00:00+00:00","fetched_at":"2026-09-17T11:15:04+00:00","status":"read","starred":0,"extract_state":"ok","summary_auto":"The growing national angst over unchecked and fast-developing AI models is accelerating the urgency for companies using artificial intelligence to put their houses in order. Warnings from leaders of the top AI labs about existential risks posed by the most advanced models mark an inflection point for companies juggling competitive pressures to accelerate AI use while aggressively reexamining their safety guardrails.","cluster_id":null,"extract_retries":0,"extract_error":null,"contract_version":"news_item.v1","format_contract_version":"news_item_formats.v1","dedup_url":"https://news.bloomberglaw.com/artificial-intelligence/corporate-attorneys-navigate-ai-risks-as-doomsday-talk-grows","quality_profile":{"profile_version":"extraction_quality.v2","bucket":"high","confidence":0.9,"failure_kind":"none","retryable":false,"retry_after_attempts":0,"reason":"High confidence: full text extraction produced 5605 characters.","operator_guidance":{"severity":"ok","recommended_action":"trust_full_text","next_step":"Use the extracted full text as the primary article source.","operator_label":"Ready","can_retry":false,"can_use_summary":false,"diagnostics_required":false},"content_depth":{"contract_version":"content_depth.v1","category":"full_text","label":"Full text","has_full_text":true,"has_summary":true,"content_length":5605,"summary_length":419,"usable_text_length":5605,"source_field":"content"},"legacy_collapsed":false,"signals":{"extract_state":"ok","extract_error":null,"extract_retries":0,"content_length":5605,"summary_length":419}},"news_item":{"id":84476,"canonical_url":"https://news.bloomberglaw.com/artificial-intelligence/corporate-attorneys-navigate-ai-risks-as-doomsday-talk-grows","source_url":"https://news.bloomberglaw.com/artificial-intelligence/corporate-attorneys-navigate-ai-risks-as-doomsday-talk-grows","title":"Corporate Attorneys Navigate AI Risks as Doomsday Talk Grows - news.bloomberglaw.com","source_name":"news.bloomberglaw.com","author":null,"published_at":"2026-09-17T09:00:00+00:00","locale":"en","topic":"ai","tags":[],"rss_summary":"Corporate Attorneys Navigate AI Risks as Doomsday Talk Grows news.bloomberglaw.com","full_text":"The growing national angst over unchecked and fast-developing AI models is accelerating the urgency for companies using artificial intelligence to put their houses in order.\nWarnings from leaders of the top AI labs about existential risks posed by the most advanced models mark an inflection point for companies juggling competitive pressures to accelerate AI use while aggressively reexamining their safety guardrails.\nLegal counsel are advising companies to mitigate their risk by sticking with core practices: cautiously use pioneer AI models from leaders such as Anthropic and OpenAI, keep a human in the loop, vet vendors, and double-check the kind of access to company information given to AI agents. And donât panic.\nâA lot of people are worried that the sky is falling, and it may be, but our job is to make sure the roof doesnât cave in,â said Eric Dodson Greenberg, executive vice president and chief legal officer of Cox Media Group.\nAnthropic CEO Dario Amodei, who published an essay Saturday urging a slowdown in AI growth, acknowledges the corporate challenge. He, along with Salesforce CEO Marc Benioff, said Tuesday that companies have just started taking advantage of AI and could need more help to make that transformation.\nStill, at this point, there is no turning back for those using AI in pursuit of efficiency gains to keep their companies competitive and meet expectations of their boards and executive teams.\nâThe toothpaste is out of the tube when it comes to AI deployment across companies,â said Virginia Johnson, a partner at OGC, a firm that includes general counsel providing legal help to companies. âThat means for the GC, the primary mandate is having proper governance internally to make sure that your use of AI is done according to policies, procedures, proper training, ethical deployment, and managing the risk within your own company.â\nUneven Scenario\nA thorough examination of how companies are keeping AI in check cannot come soon enough.\nAn EY survey released Tuesday pointed to an uneven scenario as companies try to balance speed and safety: About half of AI leaders in companies said their organizations sidestepped AI governance frameworks to deploy AI quickly.\nItâs another yellow flag urging companies to slow down in the AI evolution.\nâWe have to be embracing it through incremental calibrated steps and safe experiments that allow us to move this forward where weâre managing the risk level,â said Cox Mediaâs Greenberg, who is also a Bloomberg Law columnist.\nHis advice: Think of AI governance as something where the technology changes constantly and so does the way humans interact with it.\nThat means looking at where exactly AI is being used in a company, identifying the highest risk uses, assigning a human owner, vetting vendors, and having a process for identifying problems, said Jobe Danganan, a former founding enforcement attorney at the Consumer Financial Protection Bureau who is now a co-founder and CEO of LexText AI, a legal text platform.\nâYou wonât eliminate every risk, but you should understand the risks youâre taking and be able to explain why your safeguards were reasonable,â said Danganan, previously a general counsel for financial technology companies.\nSlowing down could mean that the next frontier model could get delayed, leading to higher costs.\nâThereâs going to be more cost in the system that maybe we have to absorb as a customer because OpenAI, Anthropic, etc., are going to have to absorb more cost for governance, pass it along to us possibly,â said Dana Rao, former general counsel and executive vice president of Adobe.\nâWe have to have a hard conversation now about the earnings we just reported, the forecast we just reported. Are they still good? We have to go back to the street. We have to be transparent to our investors,â Rao, an AI fellow at Fordham University, said.\nStill, many companies using standard AI models will be just fine, legal leaders said.\nâGenerally speaking, if Iâve successfully deployed todayâs version of an LLM, I would feel pretty comfortable saying just keep using it,â Rao said.\nShared Responsibility\nThe public nature of the disclosures last weekend will help in talking about risks more openly, said Scott Meyers, chairman and CEO of Akerman LLP.\nâWhat it means is that we all need to work together because this goes candidly beyond just helping a company survive or meet its revenue targets,â he said. âThe risk here goes far beyond just how it impacts the company, but all of the companies now are aware of what this can mean, both from an external attack plus using agents inside the firewall.â\nSo far, political leaders have split over when and how Congress should weigh in with increased regulation. President Donald Trump is in the camp arguing against regulation, saying it would help China.\nSeparately, tech leaders like Demis Hassabis of Google DeepMind have advocated for a regulatory body modeled on Finra, which monitors US brokerage firms and stockbrokers.\nâItâs very much in the US governmentâs interest to be at the forefront of this conversation and the convener and the drafter. And if they donât, I do think the industry is going to have to look elsewhere to help them come up with industry standards,â said Beth George, the head of US litigation, arbitration, and global investigations at Freshfields.\nLearn more about Bloomberg Law or Log In to keep reading:\nSee Breaking News in Context\nBloomberg Law provides trusted coverage of current events enhanced with legal analysis.\nAlready a subscriber?\nLog in to keep reading or access research tools and resources.","excerpt":"The growing national angst over unchecked and fast-developing AI models is accelerating the urgency for companies using artificial intelligence to put their houses in order. Warnings from leaders of the top AI labs about existential risks posed by the most advanced models mark an inflection point for companies juggling competitive pressures to accelerate AI use while aggressively reexamining their safety guardrails.","extraction":{"state":"ok","confidence":0.9,"error":null,"explanation":"High confidence: full text extraction produced 5605 characters.","diagnostics_url":"/api/diagnose?url=https%3A//news.bloomberglaw.com/artificial-intelligence/corporate-attorneys-navigate-ai-risks-as-doomsday-talk-grows","quality_profile":{"profile_version":"extraction_quality.v2","bucket":"high","confidence":0.9,"failure_kind":"none","retryable":false,"retry_after_attempts":0,"reason":"High confidence: full text extraction produced 5605 characters.","operator_guidance":{"severity":"ok","recommended_action":"trust_full_text","next_step":"Use the extracted full text as the primary article source.","operator_label":"Ready","can_retry":false,"can_use_summary":false,"diagnostics_required":false},"content_depth":{"contract_version":"content_depth.v1","category":"full_text","label":"Full text","has_full_text":true,"has_summary":true,"content_length":5605,"summary_length":419,"usable_text_length":5605,"source_field":"content"},"legacy_collapsed":false,"signals":{"extract_state":"ok","extract_error":null,"extract_retries":0,"content_length":5605,"summary_length":419}}},"display_formats":["compact","card","full","digest_section","json"]},"daily_stack_record":{"title":"Corporate Attorneys Navigate AI Risks as Doomsday Talk Grows - news.bloomberglaw.com","url":"https://news.bloomberglaw.com/artificial-intelligence/corporate-attorneys-navigate-ai-risks-as-doomsday-talk-grows","summary":"The growing national angst over unchecked and fast-developing AI models is accelerating the urgency for companies using artificial intelligence to put their houses in order. Warnings from leaders of the top AI labs about existential risks posed by the most advanced models mark an inflection point for companies juggling competitive pressures to accelerate AI use while aggressively reexamining their safety guardrails.","source":"news.bloomberglaw.com","date":"2026-09-17T09:00:00+00:00","content":"The growing national angst over unchecked and fast-developing AI models is accelerating the urgency for companies using artificial intelligence to put their houses in order.\nWarnings from leaders of the top AI labs about existential risks posed by the most advanced models mark an inflection point for companies juggling competitive pressures to accelerate AI use while aggressively reexamining their safety guardrails.\nLegal counsel are advising companies to mitigate their risk by sticking with core practices: cautiously use pioneer AI models from leaders such as Anthropic and OpenAI, keep a human in the loop, vet vendors, and double-check the kind of access to company information given to AI agents. And donât panic.\nâA lot of people are worried that the sky is falling, and it may be, but our job is to make sure the roof doesnât cave in,â said Eric Dodson Greenberg, executive vice president and chief legal officer of Cox Media Group.\nAnthropic CEO Dario Amodei, who published an essay Saturday urging a slowdown in AI growth, acknowledges the corporate challenge. He, along with Salesforce CEO Marc Benioff, said Tuesday that companies have just started taking advantage of AI and could need more help to make that transformation.\nStill, at this point, there is no turning back for those using AI in pursuit of efficiency gains to keep their companies competitive and meet expectations of their boards and executive teams.\nâThe toothpaste is out of the tube when it comes to AI deployment across companies,â said Virginia Johnson, a partner at OGC, a firm that includes general counsel providing legal help to companies. âThat means for the GC, the primary mandate is having proper governance internally to make sure that your use of AI is done according to policies, procedures, proper training, ethical deployment, and managing the risk within your own company.â\nUneven Scenario\nA thorough examination of how companies are keeping AI in check cannot come soon enough.\nAn EY survey released Tuesday pointed to an uneven scenario as companies try to balance speed and safety: About half of AI leaders in companies said their organizations sidestepped AI governance frameworks to deploy AI quickly.\nItâs another yellow flag urging companies to slow down in the AI evolution.\nâWe have to be embracing it through incremental calibrated steps and safe experiments that allow us to move this forward where weâre managing the risk level,â said Cox Mediaâs Greenberg, who is also a Bloomberg Law columnist.\nHis advice: Think of AI governance as something where the technology changes constantly and so does the way humans interact with it.\nThat means looking at where exactly AI is being used in a company, identifying the highest risk uses, assigning a human owner, vetting vendors, and having a process for identifying problems, said Jobe Danganan, a former founding enforcement attorney at the Consumer Financial Protection Bureau who is now a co-founder and CEO of LexText AI, a legal text platform.\nâYou wonât eliminate every risk, but you should understand the risks youâre taking and be able to explain why your safeguards were reasonable,â said Danganan, previously a general counsel for financial technology companies.\nSlowing down could mean that the next frontier model could get delayed, leading to higher costs.\nâThereâs going to be more cost in the system that maybe we have to absorb as a customer because OpenAI, Anthropic, etc., are going to have to absorb more cost for governance, pass it along to us possibly,â said Dana Rao, former general counsel and executive vice president of Adobe.\nâWe have to have a hard conversation now about the earnings we just reported, the forecast we just reported. Are they still good? We have to go back to the street. We have to be transparent to our investors,â Rao, an AI fellow at Fordham University, said.\nStill, many companies using standard AI models will be just fine, legal leaders said.\nâGenerally speaking, if Iâve successfully deployed todayâs version of an LLM, I would feel pretty comfortable saying just keep using it,â Rao said.\nShared Responsibility\nThe public nature of the disclosures last weekend will help in talking about risks more openly, said Scott Meyers, chairman and CEO of Akerman LLP.\nâWhat it means is that we all need to work together because this goes candidly beyond just helping a company survive or meet its revenue targets,â he said. âThe risk here goes far beyond just how it impacts the company, but all of the companies now are aware of what this can mean, both from an external attack plus using agents inside the firewall.â\nSo far, political leaders have split over when and how Congress should weigh in with increased regulation. President Donald Trump is in the camp arguing against regulation, saying it would help China.\nSeparately, tech leaders like Demis Hassabis of Google DeepMind have advocated for a regulatory body modeled on Finra, which monitors US brokerage firms and stockbrokers.\nâItâs very much in the US governmentâs interest to be at the forefront of this conversation and the convener and the drafter. And if they donât, I do think the industry is going to have to look elsewhere to help them come up with industry standards,â said Beth George, the head of US litigation, arbitration, and global investigations at Freshfields.\nLearn more about Bloomberg Law or Log In to keep reading:\nSee Breaking News in Context\nBloomberg Law provides trusted coverage of current events enhanced with legal analysis.\nAlready a subscriber?\nLog in to keep reading or access research tools and resources.","confidence":0.9,"diagnostics_url":"/api/diagnose?url=https%3A//news.bloomberglaw.com/artificial-intelligence/corporate-attorneys-navigate-ai-risks-as-doomsday-talk-grows","quality_bucket":"high","failure_kind":"none","retryable":false,"quality_reason":"High confidence: full text extraction produced 5605 characters.","quality_profile":{"profile_version":"extraction_quality.v2","bucket":"high","confidence":0.9,"failure_kind":"none","retryable":false,"retry_after_attempts":0,"reason":"High confidence: full text extraction produced 5605 characters.","operator_guidance":{"severity":"ok","recommended_action":"trust_full_text","next_step":"Use the extracted full text as the primary article source.","operator_label":"Ready","can_retry":false,"can_use_summary":false,"diagnostics_required":false},"content_depth":{"contract_version":"content_depth.v1","category":"full_text","label":"Full text","has_full_text":true,"has_summary":true,"content_length":5605,"summary_length":419,"usable_text_length":5605,"source_field":"content"},"legacy_collapsed":false,"signals":{"extract_state":"ok","extract_error":null,"extract_retries":0,"content_length":5605,"summary_length":419}},"tags":[]},"fallback_formats":["markdown","json","html"],"actions":{"read":"/item/84476","export_markdown":"/api/items/84476/export?format=markdown","export_json":"/api/items/84476/export?format=json","diagnose":"/api/diagnose?url=https%3A//news.bloomberglaw.com/artificial-intelligence/corporate-attorneys-navigate-ai-risks-as-doomsday-talk-grows"},"formats":{"full":{"id":84476,"title":"Corporate Attorneys Navigate AI Risks as Doomsday Talk Grows - news.bloomberglaw.com","url":"https://news.bloomberglaw.com/artificial-intelligence/corporate-attorneys-navigate-ai-risks-as-doomsday-talk-grows","source":"news.bloomberglaw.com","author":null,"published_at":"2026-09-17T09:00:00+00:00","locale":"en","topic":"ai","tags":[],"excerpt":"The growing national angst over unchecked and fast-developing AI models is accelerating the urgency for companies using artificial intelligence to put their houses in order. Warnings from leaders of the top AI labs about existential risks posed by the most advanced models mark an inflection point for companies juggling competitive pressures to accelerate AI use while aggressively reexamining their safety guardrails.","full_text":"The growing national angst over unchecked and fast-developing AI models is accelerating the urgency for companies using artificial intelligence to put their houses in order.\nWarnings from leaders of the top AI labs about existential risks posed by the most advanced models mark an inflection point for companies juggling competitive pressures to accelerate AI use while aggressively reexamining their safety guardrails.\nLegal counsel are advising companies to mitigate their risk by sticking with core practices: cautiously use pioneer AI models from leaders such as Anthropic and OpenAI, keep a human in the loop, vet vendors, and double-check the kind of access to company information given to AI agents. And donât panic.\nâA lot of people are worried that the sky is falling, and it may be, but our job is to make sure the roof doesnât cave in,â said Eric Dodson Greenberg, executive vice president and chief legal officer of Cox Media Group.\nAnthropic CEO Dario Amodei, who published an essay Saturday urging a slowdown in AI growth, acknowledges the corporate challenge. He, along with Salesforce CEO Marc Benioff, said Tuesday that companies have just started taking advantage of AI and could need more help to make that transformation.\nStill, at this point, there is no turning back for those using AI in pursuit of efficiency gains to keep their companies competitive and meet expectations of their boards and executive teams.\nâThe toothpaste is out of the tube when it comes to AI deployment across companies,â said Virginia Johnson, a partner at OGC, a firm that includes general counsel providing legal help to companies. âThat means for the GC, the primary mandate is having proper governance internally to make sure that your use of AI is done according to policies, procedures, proper training, ethical deployment, and managing the risk within your own company.â\nUneven Scenario\nA thorough examination of how companies are keeping AI in check cannot come soon enough.\nAn EY survey released Tuesday pointed to an uneven scenario as companies try to balance speed and safety: About half of AI leaders in companies said their organizations sidestepped AI governance frameworks to deploy AI quickly.\nItâs another yellow flag urging companies to slow down in the AI evolution.\nâWe have to be embracing it through incremental calibrated steps and safe experiments that allow us to move this forward where weâre managing the risk level,â said Cox Mediaâs Greenberg, who is also a Bloomberg Law columnist.\nHis advice: Think of AI governance as something where the technology changes constantly and so does the way humans interact with it.\nThat means looking at where exactly AI is being used in a company, identifying the highest risk uses, assigning a human owner, vetting vendors, and having a process for identifying problems, said Jobe Danganan, a former founding enforcement attorney at the Consumer Financial Protection Bureau who is now a co-founder and CEO of LexText AI, a legal text platform.\nâYou wonât eliminate every risk, but you should understand the risks youâre taking and be able to explain why your safeguards were reasonable,â said Danganan, previously a general counsel for financial technology companies.\nSlowing down could mean that the next frontier model could get delayed, leading to higher costs.\nâThereâs going to be more cost in the system that maybe we have to absorb as a customer because OpenAI, Anthropic, etc., are going to have to absorb more cost for governance, pass it along to us possibly,â said Dana Rao, former general counsel and executive vice president of Adobe.\nâWe have to have a hard conversation now about the earnings we just reported, the forecast we just reported. Are they still good? We have to go back to the street. We have to be transparent to our investors,â Rao, an AI fellow at Fordham University, said.\nStill, many companies using standard AI models will be just fine, legal leaders said.\nâGenerally speaking, if Iâve successfully deployed todayâs version of an LLM, I would feel pretty comfortable saying just keep using it,â Rao said.\nShared Responsibility\nThe public nature of the disclosures last weekend will help in talking about risks more openly, said Scott Meyers, chairman and CEO of Akerman LLP.\nâWhat it means is that we all need to work together because this goes candidly beyond just helping a company survive or meet its revenue targets,â he said. âThe risk here goes far beyond just how it impacts the company, but all of the companies now are aware of what this can mean, both from an external attack plus using agents inside the firewall.â\nSo far, political leaders have split over when and how Congress should weigh in with increased regulation. President Donald Trump is in the camp arguing against regulation, saying it would help China.\nSeparately, tech leaders like Demis Hassabis of Google DeepMind have advocated for a regulatory body modeled on Finra, which monitors US brokerage firms and stockbrokers.\nâItâs very much in the US governmentâs interest to be at the forefront of this conversation and the convener and the drafter. And if they donât, I do think the industry is going to have to look elsewhere to help them come up with industry standards,â said Beth George, the head of US litigation, arbitration, and global investigations at Freshfields.\nLearn more about Bloomberg Law or Log In to keep reading:\nSee Breaking News in Context\nBloomberg Law provides trusted coverage of current events enhanced with legal analysis.\nAlready a subscriber?\nLog in to keep reading or access research tools and resources.","reading_time_min":5,"extraction":{"state":"ok","confidence":0.9,"error":null,"explanation":"High confidence: full text extraction produced 5605 characters.","diagnostics_url":"/api/diagnose?url=https%3A//news.bloomberglaw.com/artificial-intelligence/corporate-attorneys-navigate-ai-risks-as-doomsday-talk-grows","quality_profile":{"profile_version":"extraction_quality.v2","bucket":"high","confidence":0.9,"failure_kind":"none","retryable":false,"retry_after_attempts":0,"reason":"High confidence: full text extraction produced 5605 characters.","operator_guidance":{"severity":"ok","recommended_action":"trust_full_text","next_step":"Use the extracted full text as the primary article source.","operator_label":"Ready","can_retry":false,"can_use_summary":false,"diagnostics_required":false},"content_depth":{"contract_version":"content_depth.v1","category":"full_text","label":"Full text","has_full_text":true,"has_summary":true,"content_length":5605,"summary_length":419,"usable_text_length":5605,"source_field":"content"},"legacy_collapsed":false,"signals":{"extract_state":"ok","extract_error":null,"extract_retries":0,"content_length":5605,"summary_length":419}}},"quality_profile":{"profile_version":"extraction_quality.v2","bucket":"high","confidence":0.9,"failure_kind":"none","retryable":false,"retry_after_attempts":0,"reason":"High confidence: full text extraction produced 5605 characters.","operator_guidance":{"severity":"ok","recommended_action":"trust_full_text","next_step":"Use the extracted full text as the primary article source.","operator_label":"Ready","can_retry":false,"can_use_summary":false,"diagnostics_required":false},"content_depth":{"contract_version":"content_depth.v1","category":"full_text","label":"Full text","has_full_text":true,"has_summary":true,"content_length":5605,"summary_length":419,"usable_text_length":5605,"source_field":"content"},"legacy_collapsed":false,"signals":{"extract_state":"ok","extract_error":null,"extract_retries":0,"content_length":5605,"summary_length":419}},"actions":{"read":"/item/84476","export_markdown":"/api/items/84476/export?format=markdown","export_json":"/api/items/84476/export?format=json","diagnose":"/api/diagnose?url=https%3A//news.bloomberglaw.com/artificial-intelligence/corporate-attorneys-navigate-ai-risks-as-doomsday-talk-grows"}},"digest":{"id":84476,"title":"Corporate Attorneys Navigate AI Risks as Doomsday Talk Grows - news.bloomberglaw.com","url":"https://news.bloomberglaw.com/artificial-intelligence/corporate-attorneys-navigate-ai-risks-as-doomsday-talk-grows","source":"news.bloomberglaw.com","topic":"ai","published_at":"2026-09-17T09:00:00+00:00","excerpt":"The growing national angst over unchecked and fast-developing AI models is accelerating the urgency for companies using artificial intelligence to put their houses in order. Warnings from leaders of the top AI labs about existential risks posed by the most advanced models mark…","quality_bucket":"high","quality_reason":"High confidence: full text extraction produced 5605 characters.","reading_time_min":5,"cluster_id":null},"card":{"display_title":"Corporate Attorneys Navigate AI Risks as Doomsday Talk Grows - news.bloomberglaw.com","subtitle":"news.bloomberglaw.com · 2026-09-17","summary":"The growing national angst over unchecked and fast-developing AI models is accelerating the urgency for companies using artificial intelligence to put their houses in order. Warnings from leaders of the top AI labs…","badges":["quality:high"],"links":{"read":"/item/84476","original":"https://news.bloomberglaw.com/artificial-intelligence/corporate-attorneys-navigate-ai-risks-as-doomsday-talk-grows","diagnose":"/api/diagnose?url=https%3A//news.bloomberglaw.com/artificial-intelligence/corporate-attorneys-navigate-ai-risks-as-doomsday-talk-grows"},"quality_warning":null},"export":{"title":"Corporate Attorneys Navigate AI Risks as Doomsday Talk Grows - news.bloomberglaw.com","url":"https://news.bloomberglaw.com/artificial-intelligence/corporate-attorneys-navigate-ai-risks-as-doomsday-talk-grows","summary":"The growing national angst over unchecked and fast-developing AI models is accelerating the urgency for companies using artificial intelligence to put their houses in order. Warnings from leaders of the top AI labs about existential risks posed by the most advanced models mark an inflection point for companies juggling competitive pressures to accelerate AI use while aggressively reexamining their safety guardrails.","source":"news.bloomberglaw.com","date":"2026-09-17T09:00:00+00:00","content":"The growing national angst over unchecked and fast-developing AI models is accelerating the urgency for companies using artificial intelligence to put their houses in order.\nWarnings from leaders of the top AI labs about existential risks posed by the most advanced models mark an inflection point for companies juggling competitive pressures to accelerate AI use while aggressively reexamining their safety guardrails.\nLegal counsel are advising companies to mitigate their risk by sticking with core practices: cautiously use pioneer AI models from leaders such as Anthropic and OpenAI, keep a human in the loop, vet vendors, and double-check the kind of access to company information given to AI agents. And donât panic.\nâA lot of people are worried that the sky is falling, and it may be, but our job is to make sure the roof doesnât cave in,â said Eric Dodson Greenberg, executive vice president and chief legal officer of Cox Media Group.\nAnthropic CEO Dario Amodei, who published an essay Saturday urging a slowdown in AI growth, acknowledges the corporate challenge. He, along with Salesforce CEO Marc Benioff, said Tuesday that companies have just started taking advantage of AI and could need more help to make that transformation.\nStill, at this point, there is no turning back for those using AI in pursuit of efficiency gains to keep their companies competitive and meet expectations of their boards and executive teams.\nâThe toothpaste is out of the tube when it comes to AI deployment across companies,â said Virginia Johnson, a partner at OGC, a firm that includes general counsel providing legal help to companies. âThat means for the GC, the primary mandate is having proper governance internally to make sure that your use of AI is done according to policies, procedures, proper training, ethical deployment, and managing the risk within your own company.â\nUneven Scenario\nA thorough examination of how companies are keeping AI in check cannot come soon enough.\nAn EY survey released Tuesday pointed to an uneven scenario as companies try to balance speed and safety: About half of AI leaders in companies said their organizations sidestepped AI governance frameworks to deploy AI quickly.\nItâs another yellow flag urging companies to slow down in the AI evolution.\nâWe have to be embracing it through incremental calibrated steps and safe experiments that allow us to move this forward where weâre managing the risk level,â said Cox Mediaâs Greenberg, who is also a Bloomberg Law columnist.\nHis advice: Think of AI governance as something where the technology changes constantly and so does the way humans interact with it.\nThat means looking at where exactly AI is being used in a company, identifying the highest risk uses, assigning a human owner, vetting vendors, and having a process for identifying problems, said Jobe Danganan, a former founding enforcement attorney at the Consumer Financial Protection Bureau who is now a co-founder and CEO of LexText AI, a legal text platform.\nâYou wonât eliminate every risk, but you should understand the risks youâre taking and be able to explain why your safeguards were reasonable,â said Danganan, previously a general counsel for financial technology companies.\nSlowing down could mean that the next frontier model could get delayed, leading to higher costs.\nâThereâs going to be more cost in the system that maybe we have to absorb as a customer because OpenAI, Anthropic, etc., are going to have to absorb more cost for governance, pass it along to us possibly,â said Dana Rao, former general counsel and executive vice president of Adobe.\nâWe have to have a hard conversation now about the earnings we just reported, the forecast we just reported. Are they still good? We have to go back to the street. We have to be transparent to our investors,â Rao, an AI fellow at Fordham University, said.\nStill, many companies using standard AI models will be just fine, legal leaders said.\nâGenerally speaking, if Iâve successfully deployed todayâs version of an LLM, I would feel pretty comfortable saying just keep using it,â Rao said.\nShared Responsibility\nThe public nature of the disclosures last weekend will help in talking about risks more openly, said Scott Meyers, chairman and CEO of Akerman LLP.\nâWhat it means is that we all need to work together because this goes candidly beyond just helping a company survive or meet its revenue targets,â he said. âThe risk here goes far beyond just how it impacts the company, but all of the companies now are aware of what this can mean, both from an external attack plus using agents inside the firewall.â\nSo far, political leaders have split over when and how Congress should weigh in with increased regulation. President Donald Trump is in the camp arguing against regulation, saying it would help China.\nSeparately, tech leaders like Demis Hassabis of Google DeepMind have advocated for a regulatory body modeled on Finra, which monitors US brokerage firms and stockbrokers.\nâItâs very much in the US governmentâs interest to be at the forefront of this conversation and the convener and the drafter. And if they donât, I do think the industry is going to have to look elsewhere to help them come up with industry standards,â said Beth George, the head of US litigation, arbitration, and global investigations at Freshfields.\nLearn more about Bloomberg Law or Log In to keep reading:\nSee Breaking News in Context\nBloomberg Law provides trusted coverage of current events enhanced with legal analysis.\nAlready a subscriber?\nLog in to keep reading or access research tools and resources.","confidence":0.9,"diagnostics_url":"/api/diagnose?url=https%3A//news.bloomberglaw.com/artificial-intelligence/corporate-attorneys-navigate-ai-risks-as-doomsday-talk-grows","quality_bucket":"high","failure_kind":"none","retryable":false,"quality_reason":"High confidence: full text extraction produced 5605 characters.","quality_profile":{"profile_version":"extraction_quality.v2","bucket":"high","confidence":0.9,"failure_kind":"none","retryable":false,"retry_after_attempts":0,"reason":"High confidence: full text extraction produced 5605 characters.","operator_guidance":{"severity":"ok","recommended_action":"trust_full_text","next_step":"Use the extracted full text as the primary article source.","operator_label":"Ready","can_retry":false,"can_use_summary":false,"diagnostics_required":false},"content_depth":{"contract_version":"content_depth.v1","category":"full_text","label":"Full text","has_full_text":true,"has_summary":true,"content_length":5605,"summary_length":419,"usable_text_length":5605,"source_field":"content"},"legacy_collapsed":false,"signals":{"extract_state":"ok","extract_error":null,"extract_retries":0,"content_length":5605,"summary_length":419}},"tags":[],"format_contract_version":"news_item_formats.v1"}}}