In this episode of the IP Strategy Summit podcast, Rick Marinaccio, partner at Phillips Lytle, explains why clearly defining AI is critical for effective AI governance, compliance, and policy. He shares practical insights on how businesses can assess AI risks, avoid legal pitfalls, and tailor policies that fit their specific needs. Rick emphasizes that a one-size-fits-all approach often backfires without thoughtful definitions. Listeners will come away with actionable steps to strengthen oversight and align AI use with corporate objectives.