Major US companies warn of growing risks of artificial intelligence in businesses
The Peninsula
London: More than half of the US s biggest companies see artificial intelligence (AI) as a potential risk to their businesses, Financial Times cited a...
London: More than half of the US’s biggest companies see artificial intelligence (AI) as a potential risk to their businesses, Financial Times cited a new survey of corporate filings that highlights how the emerging technology could bring about sweeping industrial transformation.
The newspaper said that overall, 56 per cent of Fortune 500 companies cited AI as a “risk factor” in their most recent annual reports, according to research by Arize AI, a research platform that tracks public disclosures by large businesses.
The figure is a striking jump from just 9 per cent in 2022.
It pointed out that by contrast, only 33 companies of the 108 that specifically discussed generative AI technology capable of creating humanlike text and realistic imagery saw it as an opportunity.
Potential benefits include cost efficiencies, operational benefits and accelerating innovation, these groups said in their annual reports.
