Expert Insights

From Hype to Norm

November 4, 2024
ARTIFICIAL INTELLIGENCE | BUSINESS PRACTICE | GOVERNANCE

Artificial Intelligence (AI) is the defining technology of our times.According to the AI Index 2023, 80% of Fortune 500 companies startedmentioning AI in their earning calls. Recently, Responsible AI hasbecome a buzzword among industry leaders and policymakers. TheOECD reports over 1000 AI policies and initiatives worldwide. A reviewof 200 guidelines and recommendations from 37 countries revealsthat “a key challenge lies in establishing a consensus on these values.”Despite the widespread adoption of many of the terms, substantialconfusion persists regarding the definition of AI itself, and even moresignificant confusion exists on how to implement and maintainresponsible AI practices, from leadership to operations.

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