The race to put AI to work

At the Bayes Innovate 2023 conference, a panel discussion featuring Vikas Nair and other industry experts explored the widespread adoption of AI and its profound implications across various sectors. The panel, titled "The race to put AI to work: a tipping point or hype for businesses and environmental, social, and corporate governance (ESG)?", examined whether AI has reached a critical juncture and the societal and environmental impacts of this shift. The discussion highlighted ChatGPT as a significant milestone in AI application, suggesting that businesses recognizing this advancement stand to benefit considerably. Panelists noted the pervasive influence of AI across industries such as healthcare, retail, and manufacturing, with applications ranging from mental health to digital pathology. They emphasized the importance of equitable and ethical AI deployment, pointing out the need for resources and political commitment to ensure fair access. Impact investing was identified as a potential catalyst for fostering socially and environmentally conscious AI practices. Furthermore, tools like Openlayer were recommended for developing ethical AI by identifying model biases early in the development process, thereby avoiding costly errors and ensuring responsible AI implementation.