Summary
Experts discussed the challenges of managing risks while scaling AI technology during a Newsweek webinar. They emphasized the need for strong regulation and governance in light of rapidly growing AI adoption. There is concern that companies might face stricter regulations and struggle with current data protection methods.
Key Facts
- The webinar was held on February 24, titled “AI Governance: Balancing Innovation and Risk.”
- Suraj Srinivasan from Harvard Business School compared AI management to fast cars needing good brakes.
- Keith Enright, a former chief privacy officer at Google, spoke about the need to innovate quickly while managing risks.
- There is a fast-paced environment with increasing demands for new AI products.
- Enright predicted stricter regulations as AI continues to develop and expand.
- Existing privacy agreements may not be sufficient in the future due to complex data handling needs.
- The EU’s General Data Protection Regulation (GDPR) could provide a model for managing personal data processing.
