Advances in Economics, Management and Political Sciences
- The Open Access Proceedings Series for Conferences
Proceedings of the 2nd International Conference on Business and Policy Studies
Series Vol. 11 , 13 September 2023
Open
Access | Article
Application of AI Technology in Mergers & Acquisitions and Its Regulation
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Abstract
Applying Artificial Intelligence (AI) brings more possibilities to the Mergers and Acquisitions (M&A) process. However, with the high development of AI, its safety and ethical consequences are gradually emerging. This paper adopts the case analysis method and uses AI's specific application in the due diligence process as an example to analyze the legal risks of its program testing environment, data extraction security, and error tolerance rate. Also, this paper will use contrastive analysis and documentary analysis to explore the legal gaps and prospects of AI in M&A by taking the EU's AI Ethical guidelines, the AI Act, and Guidance for Regulation of Artificial Intelligence Applications from the US as examples, analyzing the regulatory directions and regulations for M&A.
Keywords
Mergers and Acquisitions, Artificial Intelligence, legal supervision and management
References
1. Debases Chanda. Artificial Intelligence And Data Mining For Mergers And Acquisitions (Boca Raton: CRC Press,2021), pp.13-14.
2. Debases Chanda. Artificial Intelligence And Data Mining For Mergers And Acquisitions (Boca Raton: CRC Press,2021), pp.15.
3. BUITEN, M. (2019). Towards Intelligent Regulation of Artificial Intelligence. European Journal of Risk Regulation, 10(1), 41-59. doi:10.1017/err.2019.8
4. HLEG A, Ethics Guidelines for Trustworthy AI (2019).
5. Huang, J.Y., Gupta, A. & Youn, M. Survey of EU ethical guidelines for commercial AI: case studies in financial services. AI Ethics 1, 569–577 (2021). https://doi.org/10.1007/s43681-021-00048-1
6. Hagendorff, T. The Ethics of AI Ethics: An Evaluation of Guidelines. Minds & Machines 30, 99–120 (2020). https://doi.org/10.1007/s11023-020-09517-8
7. European Commission, Laying Down Harmonised Rules on Artificial Intelligence (Artificial Intelligence Act) and Amending Certain Union Legislative Acts (2021).
8. Executive Office of the President Office of Management and Budget, Guidance for Regulation of Artificial Intelligence Applications (2020).
9. RINGE, W., & RUOF, C. (2020). Regulating Fintech in the EU: The Case for a Guided Sandbox. European Journal of Risk Regulation, 11(3), 604-629. doi:10.1017/err.2020.8
10. Anne-Laure Mention (2019) The Future of Fintech, Research-Technology Management, 62:4, 59-63, DOI: 10.1080/08956308.2019.1613123
Data Availability
The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.
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- Volume Title
- Proceedings of the 2nd International Conference on Business and Policy Studies
- ISBN (Print)
- 978-1-915371-49-2
- ISBN (Online)
- 978-1-915371-50-8
- Published Date
- 13 September 2023
- Series
- Advances in Economics, Management and Political Sciences
- ISSN (Print)
- 2754-1169
- ISSN (Online)
- 2754-1177
- DOI
- 10.54254/2754-1169/11/20230502
- Copyright
- 13 September 2023
- Open Access
- This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited