Increasingly prominent, AI has become a vital tool in the economic, security and social development for countries around the globe. Labelled as an essential technological asset, AI has regularly been positioned at the forefront of government and business modernization plans. According to Forbes, $125bn will be spent on AI software by 2025. This has driven the need for an increasing AI skillset to support adoption.
But as AI’s application and rapid deployment continues to increase, many are now questioning the application of unproven and opaque AI systems in critical roles. Worries remain of the mass handling and processing of sensitive personal data. Business are increasingly being confronted to find the right balance between enhanced business benefits and the looming debate on AI ethics.
While AI attention centres on areas such as security and defence projects or smart cities, how is its effectiveness being utilised in other sectors of the economy? There is also the question as to what business leaders mean when they refer to AI adoption and how they believe new technology will change their business and whether people are getting lost in the lingo. Here, the differences vary wildly.
Key questions to be covered by the panel include:
How do we define an “AI power” and by what metrics?
In identifying successful AI projects and applications, what has made them successful?
Have businesses become lost in AI hype? How do business leaders ensure that AI is used effectively and ethically?
When implementing AI, how can AI adopters and projects best involve non-traditional actors, civil society and communities to prevent them from being left out of crucial decisions impacting them?
As with all Chatham House member events, questions from members drive the conversation.