"Mike Tyson once observed, ‘Everyone has a plan until they get punched in the mouth.' It turns out that every financial regulator has a plan until they encounter a crisis."
Read, "The Mike Tyson Theory of Financial Regulation" by Professor Jeffrey Zhang:
blogs.law.ox.ac.uk/oblb/blog-po...
Abstract This Article proposes that tax can be a useful supplement to other measures to regulate Autonomous Artificial Intelligence (AAI) and limit its potential harmful effects. This proposal differs from command-and-control regulation of AAI along the lines of European Union legislation that may unduly limit the development of AAI. It also differs from existing proposals to tax AAI to generate revenue to help workers displaced by AAI programs, or to tax the data used by AAI. The proposal is based on granting AAI programs like ChatGPT separate legal personhood, like corporate personhood, while incentivizing or requiring their corporate owner to place them in a separate corporate shell. The tax rate on AAI’s income is adjusted based on harmfulness indices based on an objective assessment, thereby creating an incentive for its corporate owner to reduce the harm. Developing a new tax on AAI excludes it from the limits imposed by the existing international tax regime on taxing multinationals, which are inappropriate for a tax on a person that does not have a physical location except on servers that can be located anywhere. Instead, the tax should be levied by the jurisdictions in which AAI users are located.
New from Professor Reuven Avi-Yonah
“Boden Lecture: Taxation of Autonomous Artificial Intelligence.”
In the Marquette Law Review: scholarship.law.marquette.edu/mulr/vol108/...
It’s too often said that int’l law demands little of states re: democracy at home. For years, African continental institutions have developed and fought for robust international democratic norms. This symposium examines the trajectory, promise, and perils of Africa’s International Law of democracy.
Three alumni whose careers have placed them at the forefront of law and technology returned to campus recently to share their perspectives and advice in the panel AI, the Future of the Legal Profession, and You.
michigan.law.umich.edu/news/michiga...
"Mastery requires something closer to a design thinking mindset: try more things, fail faster, discover more. The goal isn’t to insulate yourself from failure. It’s to learn from it quickly and keep moving."
Read this post and more on the More Time to be Human substack: myumi.ch/z9g7G
Professor Michelle Adams’s book exploring a landmark school desegregation case is the 2025 winner of the Stone Book Award from the Museum of African American History Boston | Nantucket.
michigan.law.umich.edu/news/michell...
Check out our next Legal Tech Series event: Demo Days: Spellbook AI
Get a tutorial on Spellbook AI, a powerful tool for contract review and drafting, used by over 3,600 law firms and in-house legal teams. Register to get a free yearlong trial!
9/25, 12 - 1 PM
RSVP:
forms.gle/556JjfXLKVxX...
Richard Primus, Theodore J. St. Antoine Collegiate Professor at the University of Michigan Law School wrote a piece for The Atlantic
myumi.ch/kPP6n
Screen shot of building hours as follows: November 27: 8am-12pm. November 28-30: closed.
Heads up! 📢 The Law Library will close at noon on Wednesday 11/27. We will reopen Sunday morning at 8am. 🕗 See the complete hours on our website. reservations.law.umich.edu/hours/
Image of the sloping wall of the Underground Library lit with angular sunlight, with students studying along the side.
More like the Sunderground Library.
