self-driving corporation
Self-Driving Corporations?
John Armour is Professor of Law and Finance and Horst Eidenmueller is the Freshfields Professor of Commercial Law, both at the Faculty of Law at the University of Oxford. This post is based on their recent paper. In a recent essay, we explore the implications of artificial intelligence (AI) for corporate law. Today, corporate law is primarily understood as a means of facilitating productive activity in business firms. On this view, it is a predominantly private endeavor, concerned with helping parties to lower the costs they encounter.