ARTICLE · 29 FEBRUARY 2024

AI Risk And Governance: Utopian And Dystopian Views

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Effective leaders embrace the complexities of AI, recognize the limits of their control and take steps to anticipate and manage risks.

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Effective leaders embrace the complexities of AI, recognize the limits of their control and take steps to anticipate and manage risks.

Late last year, a panel of experts joined me in a debate hosted at Lloyd's of London to discuss whether artificial intelligence (AI) ultimately is utopian or dystopian. More than 30 leading AI experts from academia, banking, insurance and technology attended the event, held in collaboration with The World Innovation Network (TWIN Global). The discussion indicated that effective leaders employ AI governance efforts that both strengthen the benefits of technology and mitigate the risks.

Utopian view

The panelists discussed several ways AI will benefit people, organizations and society. The most common near-term advantage of AI is enabling greater productivity for routine tasks of knowledge workers. Workers will be able to be more productive and effective, which can improve employees' work/life balance, physical health, career

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