Artificial Intelligence (AI) is no longer a futuristic concept, it is here in our present reality, transforming industries, economies, and societies at an unprecedented pace. The launch of ChatGPT (GPT-3.5) by OpenAI in November 2022 was a watershed moment, accelerating AI adoption across sectors such as healthcare, finance, manufacturing, and other services. AI-powered automation is rapidly reshaping business and operating models, redefining the job markets, and sparking intense global competition among corporations and nations.
While AI presents immense opportunities for business and operational innovation, productivity and growth, it also poses extraordinary risks and challenges. These include concerns over job displacement, regulatory gaps, ethical dilemmas, privacy erosion, and cybersecurity vulnerabilities. Companies and governments now face a critical challenge:
Continue readingHow to harness AI’s potential for transformational growth while mitigating its disruptive impact on human societies? This is one of the most defining challenges we face for the future of humanity.