Contracts and Risk-Sharing in the AI Market
The lecture treats contracts as the principal practical mechanism through which AI risks are distributed between developers, deployers, and users. It works through the multiplayer accountability problem that AI supply chains create, walks through the standard contractual instruments of risk allocation — indemnity clauses, liability caps, warranties and disclaimers, and insurance requirements — and closes on the EU AI Act’s distinction between providers and deployers and the points at which statutory duties cannot be contracted around.