With companies rapidly inculcating AI, it is natural to wonder whether the federal government will be able to formulate regulatory frameworks at the same pace. The Federal Trade Commission (FTC) has recently alerted companies of their legal framework to ensure truth, fairness and equity in developers and users of AI. The FTC has 3 laws … Read more
Elon Musk has famously said, “AI is far more dangerous than nukes.” His statement has some truth to it, and it has succeeded in raising our awareness of the dangers of AI. As leaders, part of our job is to ensure that what our companies do is safe. We don’t want to harm our business … Read more
Companies in every industry are expanding their efforts in AI. Companies are beginning to understand the strategic imperative to use AI to their advantage before their competitors do. (See “The AI Threat: Winner-Takes-All”). As a company leader, you need to address several critical questions: What is the best way to adopt AI within our company? … Read more
As a board member, I’ve enjoyed learning from those companies that perform at the highest levels in the area of AI. When I think about how to guide my company’s strategy, I look at what the winners in various industries are doing to see what I can learn from them. McKinsey presented us with answers … Read more
This is a summary of the Forbes article ‘If Microsoft Can Be Hacked, What About Your Company? How AI is TransformingCybersecurity.’ The recent attack on Microsoft by Russian hackers has highlighted the vulnerability of most companies. Cyber threats are common place and hackers are now successfully using AI in these attacks. The only way to … Read more
AI is a game-changing technology for companies, but it can go terribly wrong. As AI-based systems become more critical to companies, we all need to understand the issue of bias in AI. The biases of AI can result in reputational risk, poor results and outright errors. This article will enable boards and senior executives to … Read more
I’m not a very good poker player. (That’s why my friends always invite me to play.) They like to play until the winner takes all of the winnings, which ultimately includes all my money. I’m OK with this because it’s only a small game, and for me, it’s worth the price of admission. Now shift … Read more
Most people are familiar with deepfake videos where it appears that a person is doing and saying things they actually never did or said. As the AI technology behind deepfakes becomes better and better, so do the results of deepfake creations. Recent advances in this AI-based technology are happening so quickly, that it is becoming … Read more
As a senior executive, you’re likely aware of the many strategic opportunities and threats posed by AI. According to IDC, spending on AI hardware and software is increasing at a CAGR of 24%. AI-driven projects will rapidly become a substantial percentage of any company’s investment in technology. What you may not be aware of are … Read more
The current economic environment enables many large companies to succeed, while many small and medium businesses (SMBs) are suffering. Adding to this divide are the changes created by AI. Right now, larger companies are investing in AI because they recognize the opportunity to dominate a market using this technology. Big companies have many advantages when … Read more
