Artificial Intelligence and Machine Learning

Leading textbooks on Artificial Intelligence define the field as the study of “intelligent agents”: any system that perceives its environment and takes actions that maximize the probability of achieving its goals.

David K.A. Mordecai was a Speaker on Artificial Intelligence and the Legal Profession

David K.A. Mordecai was a Speaker on Artificial Intelligence and the Legal Profession

David K.A. Mordecai, President of Risk Economics, was invited to speak at the 7th Annual Disruption and Innovation in the Delivery of Legal Services Conference 2023, entitled  Transformative Impact of AI on the Legal Profession organized by Sandpiper Partners, hosted at Paul Weiss on October 26, 2023. The conference co-chairs were Katherine B. Forrest, Partner at Paul Weiss, and William J. Perlstein, Senior Managing Director at FTI Consulting.

Dr. Mordecai  was invited to join the second panel of the day entitled Generative AI Tools: How Transformation Occurs, to describe and discuss applicable underlying technical functionality. His fellow panelists were the following:

  • Adam Aft, Partner at Baker McKenzie
  • Jonathan H. Ashtor, Partner at Paul Weiss
  • Matt A. Kelly, Counsel at Debevoise & Plimpton
  • Shawn Malhotra, Head of Engineering at Thomson Reuters
  • Sophie Ross, Senior Managing Director at FTI Consulting

David K.A. Mordecai was a Speaker on Artificial Intelligence and the Legal Profession

Dr. Mordecai was also invited to the closing panel of the day entitled: Navigating the Future Including AI and the Changing Regulatory Landscape, to address practical mitigation of functional technical limitations and corresponding risk and liability implications.  His fellow panelists were the following:

  • Jonathan H. Ashtor, Partner at Paul Weiss
  • Laurence A. Cunningham, Special Counsel at Mayer Brown
  • Bonnie Jonas, Co-CEO of Pallas Group
  • Rashida Richardson, Senior Counsel for Artificial Intelligence at Mastercard

Dr. Mordecai is President and Co-Founder of Risk Economics, Adjunct Professor of Econometrics and Statistics at the University of Chicago Booth School of Business, and Visiting Scholar at Courant Institute of Mathematical Sciences NYU, advising research activities at RiskEcon® Lab for Decision Metrics @ Courant Institute.

About Risk Economics
Risk Economics specializes in economic analysis of risk and liability. It provides advisory services at the intersection of commercial business-process engineering and risk engineering with a particular focus on coupling commercial reinsurance and financial technology, through the rigorous application of agent-based, demographic, and statistical methodologies to microeconomic and macroeconomic analysis. The RiskEcon® client roster is diverse and includes governmental and quasi-governmental agencies, global insurance and reinsurance firms, leading law firms, technology firms, global banking institutions, asset management firms, multinational corporations with interests in natural resources, commodities, and energy, as well as government agencies and regulators. For additional information, please visit https://riskeconomicsinc.com/.

Samantha Kappagoda was a Speaker on Artificial Intelligence in Asset Management: Considerations for Fund Boards

Samantha Kappagoda was a Speaker on Artificial Intelligence in Asset Management: Considerations for Fund Boards

Samantha Kappagoda, Chief Economist of Risk Economics and Independent Director/Trustee of Credit Suisse Mutual Funds, was invited to speak at the 2023 Independent Directors Council (IDC) Fund Directors Conference in Chicago on October 11-13, 2023.  The Independent Directors Council (IDC) represents independent directors and trustees who serve on the boards of mutual funds, closed-end funds, exchange-traded funds and other registered investment companies.

Samantha joined a panel entitled Artificial Intelligence in Asset Management: Considerations for Fund Boards, moderated by Jennifer Murphy, Independent Director, Putnam Funds. Fellow panelists were:

  • Nathan Briggs, Partner at Simpson Thacher & Bartlett LLP and
  • Deep Ratna Srivastav, SVP, Head of AI and Digital Transformation, Franklin Templeton

Samantha Kappagoda is Chief Economist and Co-Founder of Risk Economics, and Visiting Scholar at Courant Institute of Mathematical Sciences NYU, advising research activities at RiskEcon® Lab for Decision Metrics @ Courant Institute. She also currently serves as an Independent Director / Trustee, Member of the Audit Committee and Chair of the Nominating Committee of Credit Suisse Mutual Funds, which are comprised of two closed-end funds (NYSE: DHY and CIK) and six open-end funds investing in commodity, quantitative and high yield and credit strategies.

Artificial Intelligence in Asset Management: Considerations for Fund Boards

About Risk Economics
Risk Economics specializes in economic analysis of risk and liability. It provides advisory services at the intersection of commercial business-process engineering and risk engineering with a particular focus on coupling commercial reinsurance and financial technology, through the rigorous application of agent-based, demographic, and statistical methodologies to microeconomic and macroeconomic analysis. The RiskEcon® client roster is diverse and includes governmental and quasi-governmental agencies, global insurance and reinsurance firms, leading law firms, technology firms, global banking institutions, asset management firms, multinational corporations with interests in natural resources, commodities, and energy, as well as government agencies and regulators. For additional information, please visit https://riskeconomicsinc.com/.

Samantha Kappagoda was a Speaker on AI: Opportunities and Potential Risks at PCCE Directors Academy

Samantha Kappagoda was a Speaker on AI: Opportunities and Potential Risks at PCCE Directors’ Academy

Samantha Kappagoda, Chief Economist of Risk Economics and Independent Director/Trustee of Credit Suisse Mutual Funds, was invited to speak at the 2023 PCCE Directors’ Academy at NYU School of Law on September 21-22, 2023.  The annual PCCE Directors’ Academy seeks to provide public company directors with the opportunity to engage directly with C-suite leaders and experienced board members, covering cutting-edge issues and providing in-depth analysis.

Samantha Kappagoda joined a panel entitled Artificial Intelligence (AI): Opportunities and Potential Risks, moderated by Joseph Facciponti, Executive Director, Program on Corporate Compliance and Enforcement (PCCE). Fellow panelists were:

  • Avi Gesser, Partner, Debevoise and Plimpton
  • Christina Montgomery, Chief Privacy and Trust Officer, IBM
  • Matthew Merritt, Vice President of Global IT Risk, Royal Bank of Canada

Samantha Kappagoda is Chief Economist and Co-Founder of Risk Economics, and Visiting Scholar at Courant Institute of Mathematical Sciences NYU, advising research activities at RiskEcon® Lab for Decision Metrics @ Courant Institute. She also currently serves as an Independent Director / Trustee, Member of the Audit Committee and Chair of the Nominating Committee of Credit Suisse Mutual Funds, which are comprised of two closed-end funds (NYSE: DHY and CIK) and six open-end funds investing in commodity, quantitative and high yield and credit strategies.

Samantha Kappagoda was a Speaker on AI: Opportunities and Potential Risks at PCCE Directors Academy

About Risk Economics
Risk Economics specializes in economic analysis of risk and liability. It provides advisory services at the intersection of commercial business-process engineering and risk engineering with a particular focus on coupling commercial reinsurance and financial technology, through the rigorous application of agent-based, demographic, and statistical methodologies to microeconomic and macroeconomic analysis.

David K.A. Mordecai was Invited to Speak at the Future of AI & the Law Conference

David K.A. Mordecai was a Speaker at The Future of AI & Law Conference

David K.A. Mordecai, President of Risk Economics, was invited to speak at The Future of AI & the Law: Risks, Opportunities and Challenges at NYU School of Law on September 13, 2023. This conference sought to examine how Artificial Intelligence (AI) will affect law and the legal profession, with participation from leading experts, professors, scientists, regulators, and lawyers.

Dr. Mordecai participated in a panel entitled: AI in Financial Services: Cementing Industry Gains Through Governance and Guardrails. The Panel was moderated by Katherine B. Forrest, Partner at Paul Weiss. Fellow panelists were: Konrad Alt (Partner, Klaros Group); Jonathan Ashtor (Partner, Paul Weiss), Christina Miller (General Counsel, Tenet Energy, Inc.) and Charles Platt (CEO, Cartiga).

Dr. Mordecai is President and Co-Founder of Risk Economics, Adjunct Professor of Econometrics and Statistics at the University of Chicago Booth School of Business, and Visiting Scholar at Courant Institute of Mathematical Sciences NYU, advising research activities at RiskEcon® Lab for Decision Metrics @ Courant Institute.

David K.A. Mordecai was Invited to Speak at the Future of AI & the Law Conference

About Risk Economics
Risk Economics specializes in economic analysis of risk and liability. It provides advisory services at the intersection of commercial business-process engineering and risk engineering with a particular focus on coupling commercial reinsurance and financial technology, through the rigorous application of agent-based, demographic, and statistical methodologies to microeconomic and macroeconomic analysis.

Samantha Kappagoda and David K.A. Mordecai Were Reappointed to ABA SciTech Leadership Positions

Samantha Kappagoda and David K.A. Mordecai Were Reappointed to ABA SciTech Leadership Positions

Samantha Kappagoda and David K.A. Mordecai have been reappointed to American Bar Association Science and Technology Law (SciTech) Section leadership positions, where they have been active members since 2019 and 2018 respectively.

Samantha Kappagoda will continue serving as Vice-Chair of both the Big Data Committee and the Internet-of-Things Committee. She previously also served from 2019 to 2023 as Vice-Chair of the Insurance Technology and Risk Committee.

Dr. Mordecai has been reappointed as Chair of the Space Law Committee, and Co-Chair of the Nanotechnology Committee, and previously also served as Vice-Chair of the Artificial Intelligence (AI) and Robotics from 2018 to 2022. In addition, Dr. Mordecai has been an invited speaker at the AI & Robotics Institute in both 2021 and 2020. Both Kappagoda and Mordecai were invited speakers at the 2019 American Bar Association Annual Meeting and 34th Intellectual Property Law Conference (ABA-IPL).

Recently Dr. Mordecai and Ms. Kappagoda co-authored a two-part article published in the Fall 2022 and Winter 2023 Issues of the American Bar Association (ABA) SciTech Lawyer,  entitled Objects May Be Closer Than They Appear: Uncertainty and Reliability Implications of Computer Vision Depth Estimation for Vehicular Collision Avoidance and Navigation. Recent events accompanying increased adoption of machine learning applications of computer vision to safety-critical use-cases for cyberphysical systems has sharpened focus on the necessity of risk mitigation, reliability, safety, and security. An emergent risk domain across embedded cyberphysical systems involves the proliferation of camera-based autonomous driver assistance and vehicular navigation systems and the application of computer vision technology to perform the complex tasks of depth estimation, as well as object detection and image recognition. The two installments in this series primarily focused on depth estimation tasks associated with operating and environmental conditions as well as spatial and temporal scales generally applicable to rural and highway settings (Part 1) and to urban settings (Part 2).

In addition, Dr. Mordecai recently authored The Critical Role of Transmission and Storage Capacity in Balancing Intermittent Generation and Transient Load, in the Winter 2023 issue of ABA Natural Resources and Environment, as well as Automated Personal Assistants with Multiple Principals: Whose Agent Is It? in the Winter 2020 edition of ABA SciTech Lawyer. 

Dr. Mordecai and Ms. Kappagoda are President and Chief Economist, respectively, of Risk Economics, Inc. Dr Mordecai is also Adjunct Professor of Econometrics and Statistics at the University of Chicago Booth School of Business, and Visiting Scholar at Courant Institute of Mathematical Sciences NYU, advising research at RiskEcon® Lab @ Courant Institute. Ms. Kappagoda is also Visiting Scholar at Courant Institute of Mathematical Sciences NYU, co-advising research at RiskEcon® Lab @ Courant Institute.

Samantha Kappagoda and David K.A. Mordecai Were Reappointed to ABA SciTech Leadership Positions

About Risk Economics, Inc.

Risk Economics specializes in economic analysis of risk and liability. It provides advisory services at the intersection of commercial business-process engineering and risk engineering with a particular focus on coupling commercial reinsurance and financial technology, through the rigorous application of agent-based, demographic, and statistical methodologies to microeconomic and macroeconomic analysis.

The RiskEcon® client roster is diverse and includes governmental and quasi-governmental agencies, global insurance and reinsurance firms, leading law firms, technology firms, global banking institutions, asset management firms, multinational corporations with interests in natural resources, commodities, and energy, as well as government agencies and regulators.

David Mordecai, Samantha Kappagoda and John Shin Co-Authored Article "Objects May be Closer Than They Appear - Part 2" in ABA SciTech Lawyer

David Mordecai, Samantha Kappagoda and John Shin Co-Authored Article “Objects May be Closer Than They Appear – Part 2” in ABA SciTech Lawyer

David K.A. Mordecai, Samantha Kappagoda and John Y. Shin co-authored the second installment in a two part series of articles published in the Winter 2023 Issue of the American Bar Association (ABA) SciTech Lawyer. The article is entitled Objects May Be Closer Than They Appear: Uncertainty and Reliability Implications of Computer Vision Depth Estimation for Vehicular Collision Avoidance and Navigation.

Recent events accompanying increased adoption of machine learning applications of computer vision to safety-critical use-cases for cyberphysical systems has sharpened focus on the necessity of risk mitigation, reliability, safety, and security. An emergent risk domain across embedded cyberphysical systems involves the proliferation of camera-based autonomous driver assistance and vehicular navigation systems and the application of computer vision technology to perform the complex tasks of depth estimation, as well as object detection and image recognition. The second installment in this series will primarily focus on depth estimation tasks associated with operating and environmental conditions as well as spatial and temporal scales generally applicable to urban settings.

ABA SciTech Lawyer endeavors to provide information related to current developments in law, science, medicine, and technology of professional interest to members of the ABA Section of Science & Technology Law.

Mordecai and Kappagoda are active members of the ABA Science and Technology (SciTech) Law Section. Ms. Kappagoda has been newly appointed as Vice-Chair of the Big Data Committee, and Vice-Chair of the Internet of Things Committee. She was reappointed, and continues to serve as Vice-Chair of the Insurance Technology and Risk Committee since 2019. Dr. Mordecai has been reappointed as Chair of the Space Law Committee, and Co-Chair of the Nanotechnology Committee, and previously also served as Vice-Chair of the Artificial Intelligence (AI) and Robotics from 2018 to 2022. In addition, Dr. Mordecai has been an invited speaker at the AI & Robotics Institute in both 2021 and 2020. Both Kappagoda and Mordecai were invited speakers at the 2019 American Bar Association Annual Meeting and 34th Intellectual Property Law Conference (ABA-IPL).

Dr. Mordecai, Ms. Kappagoda and Mr. Shin previously authored Part 1 of the aforementioned article in the Fall 2022 Unintended Consequences issue of ABA SciTech Lawyer. In addition, Dr. Mordecai previously authored The Critical Role of Transmission and Storage Capacity in Balancing Intermittent Generation and Transient Load, in the Winter 2023 issue of ABA Natural Resources and Environment, as well as Automated Personal Assistants with Multiple Principals: Whose Agent Is It? in the Winter 2020 edition of ABA SciTech Lawyer.

Dr. Mordecai and Ms. Kappagoda are President and Chief Economist, respectively, of Risk Economics, Inc. Dr Mordecai is also Adjunct Professor of Econometrics and Statistics at the University of Chicago Booth School of Business, and Visiting Scholar at Courant Institute of Mathematical Sciences NYU, advising research at RiskEcon® Lab @ Courant Institute. Ms. Kappagoda is also Visiting Scholar at Courant Institute of Mathematical Sciences NYU, co-advising research at RiskEcon® Lab @ Courant Institute. Mr. Shin is Senior Research Associate (Enumeration Evaluation Lead) at Numerati Partners.

David Mordecai, Samantha Kappagoda and John Shin Co-Authored Article "Objects May be Closer Than They Appear - Part 2" in ABA SciTech Lawyer

About Risk Economics, Inc.

Risk Economics specializes in economic analysis of risk and liability. It provides advisory services at the intersection of commercial business-process engineering and risk engineering with a particular focus on coupling commercial reinsurance and financial technology, through the rigorous application of agent-based, demographic, and statistical methodologies to microeconomic and macroeconomic analysis.

The Risk Economics® client roster is diverse and includes governmental and quasi-governmental agencies, global insurance and reinsurance firms, leading law firms, technology firms, global banking institutions, asset management firms, multinational corporations with interests in natural resources, commodities, and energy, as well as government agencies and regulators.