More large US companies see AI as a risk

The majority of the largest companies in the US worry that AI could lead to everything from increased competition to undermining human rights.

A new study from Arize AI, a research platform that reviews public statements from large companies, found that 56% of the 500 largest companies in the United States consider AI to be a "risk factor," accordingly to the Financial Times. The figure represents a large jump from 2022, when just 9% felt that way.

The study also found that as many as 90% of America's largest media and entertainment companies - and 86% of software and technology fiems - see rapidly growing AI systems as a business risk. Among the risks cited are greater competition and ethical ambiguities, as well as the fact that AI can affect human rights, employment, and people's privacy.

In a subset of 108 companies that specifically discussed generative AI (genAI), only 33 saw the technology as an opportunity. According to those companies, the benefits of gene platforms and tools are cost-effectiveness, operational advantages, and faster innovation. Two-thirds of the group, on the other hand, saw genAI as risky.

Source: computerworld.com