Money, Power, and AI

In this ambitious collection, Zofia Bednarz and Monika Zalnieriute bring together leading experts to shed light on how artificial intelligence (AI) and automated decision-making (ADM) create new sources of profits and power for financial firms and governments. The chapter authors – who include public and private lawyers, social scientists, and public officials working on various aspects of AI and automation across jurisdictions – identify mechanisms, motivations, and actors behind technology used by Automated Banks and Automated States. They argue for new rules, frameworks, and approaches to prevent harms that result from the increasingly common deployment of AI and ADM tools. Responding to the opacity of financial firms and governments enabled by AI, Money, Power, and AI advances the debate on scrutiny of power and accountability of actors who use this technology. This title is available as Open Access on Cambridge Core.

Zofia Bednarz is a Lecturer at the University of Sydney Law School and researches the implications of new technologies for commercial and corporate law as an Associate Investigator in the ARC Centre of Excellence for Automated Decision-Making and Society.

Monika Zalnieriute is a senior lecturer (associate professor) at the University of New South Wales, Sydney and is a senior fellow at the Lithuanian Centre for Social Sciences. Her research on law and technology has been translated to German, Russian and Mandarin, and is widely drawn upon by scholars and organisations such as the Council of Europe, the World Bank, the European Parliament, and World Health Organization.