The BVA Family’s Post

Trust in AI Tumbles: A Wake-Up Call for Leaders Trust in AI has taken a nosedive globally, according to a recent study. What does this mean for the future of AI and how can leaders address the concerns? 🤖👀 #AI #TrustInAI" The findings are in, and they're alarming: trust in AI has taken a significant hit worldwide. A recent study revealed a 26-point gap between high trust in the overall tech industry (76%) and much lower trust in AI specifically (50%). In the U.S., trust in AI plummeted by 15 points, while global numbers fell 8 points. As business leaders, we must take note of this stark drop in trust and address the concerns that are driving it. The study shows that concerns center on privacy, devaluing humanity, societal harm, and lack of regulation - not job displacement, as often assumed. This wake-up call demands that we, as leaders in the AI industry, take a step back and reflect on how we can regain the trust of the public. We must acknowledge the concerns and work to alleviate them. It's time to have open and honest conversations about the ethical implications of AI and how we can ensure it benefits society as a whole. At the same time, it's crucial that we continue to educate the public about the benefits of AI and its potential to drive positive change. We must work together to create a future where AI enhances human life, rather than devaluing it. The writing is on the wall: the future of AI depends on our ability to address these concerns and rebuild trust. It's time for us to step up, take responsibility, and lead the way in rebuilding trust in AI. I urge all AI leaders to join me in this call to action. Together, we can create a future where AI benefits humanity and earns the trust of the public. What are your thoughts on this issue? Share your comments below, and let's continue the conversation. 💬 #AI #TrustInAI #TechIndustry #Leadership #Ethics #FutureOfAI

With the cognitive advancement and quality-data training models, AI/ AGI might turned in to a human-like CEO for effective decision making for a complex business problem. However, the missing elements - empathy and context awareness (specially for new form of shocks), might be a challenge when AI CEO’s are performing on AI-Human hybrid scenario - at least for the near future ! Interesting times ahead ! #AI #GenAI #AGI #AICEO #LeadershipTraids https://lnkd.in/gudRXQHw

📘 Reflecting on 'Co-Intelligence: Living and Working with AI' Recently, I had the pleasure of delving into Professor Ethan Mollick's insightful book, which challenges us to rethink our relationship with AI. As we stand on the brink of technological transformation, this book serves as a vital guide to navigate our future interactions with AI—not as competitors but as collaborators. One of the most compelling aspects of this book is its forward-thinking approach to Human-AI collaboration. It offers a visionary template for a future where AI enhances our capabilities rather than competes with them. This requires a profound shift in mindset, and Mollick's articulate arguments facilitate this essential change. Here are four pivotal rules of co-intelligence that resonated with me: 🤝 Always Invite AI to the Table: Embrace AI as a partner in all tasks. Its potential to augment our efforts is limitless. 👤 Be the Human in the Loop: AI's efficacy increases manifold with human insight and context. We complement its computational prowess with our nuanced understanding. 👥 Treat AI Like a Person: Define the AI's role clearly, helping it adapt its functionalities to suit our needs. 🚀 Assume This is the Worst AI You Will Ever Use: View current AI capabilities as the baseline—the least advanced tools we'll ever work with. All frustrations related to current performance are likely to disappear as technology evolves, leading to smoother, more effective AI collaborations in the future. As we prepare for a future intertwined with AI, embracing these principles can profoundly impact how we work and live. An essential read for business and data leaders #AI #FutureOfWork #CoIntelligence #Leadership Stephanie Creasy Vikash Kumar Jane Hwang Aadil Dowlut (Ph.D) Kallol Dutta https://lnkd.in/gsKve2Jb

This is an interesting article on applying AI to the executive suite.

🤔 The Power of Metaphors in Shaping AI’s Future 💭 What are your thoughts? 🤔 I was intrigued by a Charter article this morning by Allison F. Avery (she/her) and Nicolas Maitret at SYPartners. I have always appreciated the power of apt metaphors, and a study from 2011 demonstrated something many of us know: metaphors significantly influence our perceptions and solutions to problems. Metaphors play a crucial role in shaping how we understand, interact with, and guide the development of AI technologies. Leaders frequently employ metaphors to demystify AI, ranging from AI as a ‘tool’ to ‘assistant’, ‘partner’, and even ‘master’. Each metaphor carries implications for how we perceive the control dynamic between humans and AI and the appropriate responses to AI’s capabilities and risks. Link to the full article in the comments. #AI #Leadership #Innovation #ArtificialIntelligence #Strategy #Metaphor

AI makes better, faster strategic decisions for growth. Lacks the instinct to lead through market shocks and black swans. The future is clearly humans and Ai working together. https://lnkd.in/gaWKMS6x

Interesting article AI performs very well compared to Human CEO in the scenarios outlined and is quite focused on short term optimisations but does not deal well with unplanned change. Like most AI cases, it is a good companion to human decision making, allowing to look at complex data sets and therefore help in making better decisions

❓ Can AI replace a CEO? Harvard Business School took it for a ride and the outcomes are amazing to consider. "Generative AI’s greatest strength is not in replacing human CEOs but in augmenting decision-making. By automating data-heavy analyses and modeling complex scenarios, AI allows human leaders to focus on strategic judgment, empathy, and ethical decision-making — areas where humans excel." https://lnkd.in/eXA6iQhD Love to hear how you're using AI to help with decision making! #ai #innovation #ceo #data #blackswan

𝐈𝐬 𝐀𝐈 𝐭𝐡𝐞 𝐍𝐞𝐰 𝐁𝐨𝐬𝐬? #AI Can (Mostly) Outperform Human CEOs by Hamza Mudassir, Kamal Munir, Shaz Ansari and Amal Zahra #hbr September 26, 2024 «Our experiment ran from February to July 2024, involving 344 participants […] and GPT-4o, a contemporary large language model (#LLM) created by OpenAI. Participants navigated a gamified simulation designed to replicate the kinds of decision-making challenges CEOs face, with various metrics tracking the quality of their choices. The simulation was a coarse-grained #digitaltwin of the U.S. #automotive industry, incorporating mathematical models based on real data of car sales, market shifts, historical pricing strategies and elasticity, as well as broader influences like economic trends and the effects of Covid-19. (Disclosure: The game was developed by our Cambridge, England-based startup, strategize.inc) […] The goal 🎯 of the game was simple — survive as long as possible without being fired by a virtual board while maximizing #marketcap […] combination of sustainable #growthrates and #freecashflow. […] 𝐈𝐬 𝐀𝐈 𝐭𝐡𝐞 𝐍𝐞𝐰 𝐁𝐨𝐬𝐬? Despite its limitations, GPT-4o delivered an impressive performance. While it was fired more often than the top human players, it still held its own against the best and brightest among our 344-participant global cohort. So, what are the real-world implications for meta-strategy formulation based on this experiment? Here are some initial thoughts: 𝐃𝐚𝐭𝐚 𝐪𝐮𝐚𝐥𝐢𝐭𝐲 𝐢𝐬 𝐜𝐫𝐮𝐜𝐢𝐚𝐥 […] 𝐄𝐟𝐟𝐢𝐜𝐢𝐞𝐧𝐜𝐲 𝐯𝐬. 𝐫𝐢𝐬𝐤. While AI-driven efficiency can create significant gains, it also comes with risks. Aggressive, share price-maximizing strategies from human executives without sufficient oversight can lead to disastrous outcomes […] 𝐀𝐜𝐜𝐨𝐮𝐧𝐭𝐚𝐛𝐢𝐥𝐢𝐭𝐲 𝐢𝐬𝐬𝐮𝐞𝐬. Holding AI #accountable in the same way as a human CEO is nearly impossible. Deleting the system 😀 doesn’t undo damage from erroneous decision-making, raising critical questions about liability and public protection.[…] 𝐓𝐡𝐞 𝐫𝐨𝐥𝐞 𝐨𝐟 𝐝𝐢𝐠𝐢𝐭𝐚𝐥 𝐭𝐰𝐢𝐧𝐬. A realistic #digitaltwin of a firm’s ecosystem, populated by multiple LLM agents, could serve as a valuable sandbox for AI leadership, providing a buffer against real-world missteps that AI might make if left entirely on its own, while providing rich insights for CEOs to make great decisions. In such a contained environment,[…] 𝐃𝐢𝐬𝐫𝐮𝐩𝐭𝐢𝐨𝐧 𝐨𝐟 𝐬𝐭𝐫𝐚𝐭𝐞𝐠𝐲 𝐜𝐨𝐧𝐬𝐮𝐥𝐭𝐢𝐧𝐠.[…]» Far more on Harvard Business Review 👇

Generative AI has demonstrated the potential to significantly outperform human CEOs in strategic decision-making by excelling in data-driven tasks like product design and market optimization. https://lnkd.in/gRgBW4ny