The Academy’s Berkeley Committee hosted a panel discussion on generative AI (GenAI) that offered a technical overview of the technology and explored the legal and economic issues raised by the growing number of lawsuits challenging the legality of GenAI. The panel included Jennifer Chayes, Dean of the UC Berkeley College of Computing, Data Science, and Society; Pamela Samuelson, Professor of Law at UC Berkeley School of Law; and Abhishek Nagaraj, economist and Associate Professor at the Berkeley Haas School of Business. Goodwin Liu, Chair of the Academy’s Board of Directors, delivered welcome remarks. An edited transcript of the panelists’ presentations and discussion follows.