A good overview of artificial intelligence and its responsible use in business valuation is presented in a document from the CBV Institute, “Primer on Artificial Intelligence.” The report covers the use of AI systems that are well-established in financial and litigation services (e.g., predictive AI such as e-discovery software) as well as the newer generative AI applications (e.g., ChatGPT, Copilot, and Gemini). The CBV Institute has not yet issued authoritative guidance specific to the use of AI in engagements, but its members must abide by the group’s existing code of ethics and practice standards, under which the use of AI would fall. For example, under the privacy and confidentiality rules, CBV members must safeguard clients’ confidential information, “including from data-gobbling chatbots.”