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Advisory Board January 8, 2025
Businesses Have High Hopes For Responsible AI: Will It Deliver?
Forbes December 6, 2024
Artificial intelligence presents a high-risk, high-reward opportunity for businesses. The risks are making many executives nervous. At least 72% of companies temporarily paused their AI and gen AI projects in the past year due to concerns about the potential risks of AI. In addition, only one percent feel fully prepared to adapt to new AI-related laws over the next five years. Plus, 45% believe “there’s better than a one-in-four chance of a major AI incident occurring in the next 12 months.”
To address this, attention has turned to “responsible AI,” which is not only seen as a compliance tool, but also as a boost to business.
That’s the word from a recent global survey of 1,000 companies, conducted and published...
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