By Kit Burden and Harry Jefferies
Alongside blockchain and, more recently, augmented reality and edge computing, artificial intelligence, AI, is another technology buzzword that is working its way into the business world. So what is AI? Simply put, it is the ambition to use machines to undertake decision making-based processes
Continue Reading
Compliments of our colleague Imran Syed, Legal Director, IPT London.
As a new era of artificial intelligence (AI) technologies emerges, companies in almost every industry are exploring how they can use AI to drive improvements to their business. After all, the commercial gains are tantalizing, offering businesses a better understanding of their operations and their customers than ever before, as well opportunities for significant cost reduction and quality improvement.
Yet harnessing the benefits of these transformative technologies does not come without risk, particularly when compared with the risks generated by more human modes of failure. Errors in AI solutions can scale more quickly. AI may exhibit bias that discriminates against certain classes of individuals. Indeed, a broad array of ethical considerations may arise from use of AI that may impact the workforce, customers and society at large.
In any business, the board of directors is ultimately responsible for the management of risk. It is the board members who will need to make informed decisions about the deployment of AI technologies, balancing these risks against potential benefits. This is a key theme of the recent report published by the Institute of Business Ethics (IBE), which explores in detail the challenges faced by the board when coming to grips with AI in its business.[1]
In this article, we explore top areas of focus for boards that aim to harness the opportunities offered by AI in a responsible and controlled way.
Continue Reading
Artificial intelligence is growing dramatically – it is not just a household word but a key part of many households, and it is also increasingly essential to business.
What do we see in the near term for AI? How can businesses exploit potential AI-limiting legal issues? Is the AI the new electricity?
Here are our top three predictions on the future of AI and IoT.
Continue Reading
Implementation of artificial intelligence has risen significantly in the last year, impacting platforms, tools and applications around the world, in fields as diverse as healthcare, retail, agriculture and more.
As an increasing number of industries begin opting for solutions based on machine learning, here are seven of the top AI
Continue Reading
There is something immensely satisfying about identifying a real bargain in a charity shop or thrift store. In among the 17 copies of last year’s must-read summer-holiday novel, and the three cups with saucers that don’t match, you might stumble across a hidden gem. My best-ever find was a set
Continue Reading
A properly trained special-purpose AI can be a wonderful thing. AI systems have already displayed super-human performance in many fields, from diagnosing specific medical conditions, to spotting fraudulent transactions, or identifying infringing content amongst the fire-hose of social media.
These systems tend to rely upon some form of neural-network based
Continue Reading
Trial and error – with the vast majority of trials ending in error – has long been the default method of drug discovery. Of the USD2.6 billion spent each year on drug discovery by the world’s largest pharmaceutical companies, at least nine-tenths will go toward funding drug research that will
Continue Reading
OpenAI, the research organisation co-founded by Elon Musk, has made history by creating artificial intelligence-based bots that can play and compete as a team in one of the most complicated strategy games in esports. They’ve even beaten the current reigning champions.
It may seem like a foregone conclusion that computer
Continue Reading
When was the last time you saw a panda? In fact, have you ever seen a real life panda…? They’re not that common after all. I know that I’ve only ever seen live pandas once in my just over four decades, and it required a very special effort to go
Continue Reading
Sitting at 36,000 feet over the Atlantic writing this article, I’m unusually aware of the traditional use of the phrase “black box”: an aircraft’s flight data recorder, there to let investigators understand what went awry should the worst happen. It seems odd that a device whose purpose is to provide
Continue Reading
