Deeper Takes 1 with Nishit Sadhwani: Balancing Innovation and Risk

It seems like AI is breaking new ground every other day. And while it can be tempting to pursue and implement all these innovations, it’s important to balance this impulse with considered risk management. This is the perspective of Nishit Sadhwani, Corporate Vice President at New York Life Insurance Company. Nishit joins us today to investigate the approach companies should be taking when it comes to balancing risk and innovation within the AI revolution. Tune in as we break down regulation and ethics in AI, why companies need to actively engage with how they want to operate this new technology, and why it should be a human being running AI and not the other way around. We unpack self-regulation within companies, how this helps governments implement more sophisticated regulations, and why we’re more likely to see rogue activity within the startup sector. Our conversation also explores the question of ethical practices and boundaries when using AI, what large companies like Microsoft are doing to guide their AI development, and how large enterprise companies can embrace this new tech without putting everything at risk. Join us today to hear all the details of what you should be taking into account when balancing innovation, risk management, AI implementation, and more!

Key Points From This Episode:

• Get to know today’s guest, Nishit Sadhwani.

• Insight into balancing innovation and risk in the AI revolution.

• An overview of the emerging regulatory landscape when it comes to AI.

• The responsibility of corporations to implement self-regulation.

• Reflections on startups, AI, and why rogue activity is more likely in this sector.

• Ethical practices and boundaries when using AI.

• The set of principles Microsoft has laid out to guide all their AI development.

• Why companies need to be considering how they will address AI.

• How AI is expected to impact traditional businesses.

• Unpacking the future impacts of the metaverse.

• Why large companies can embrace this new technology without putting everything at risk.

 

Links Mentioned in Today’s Episode:

Nishit Sadhwani on LinkedIn

Nishit Sadhwani on X

'Navigating the Jagged Technological Frontier: Field Experimental Evidence of the Effects of AI on Knowledge Worker Productivity and Quality'

'Bill Gates says today’s software is still 'pretty dumb,' but believes AI will ‘utterly change how we live our lives'

Navigating the Metaverse and AI with Yoav Shapira

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