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December 14, 2023 60 mins
There is both excitement and worry about the power of generative AI. Public officials have begun discussing what role government regulation should play in shaping its uses. We know from experience that governments and public policy can create, modify, and eliminate markets overnight. How governments will choose to deal with generative AI will directly influence private sector decisions regarding investment and market opportunities. Business leaders will need to participate along with policymakers and other key stakeholders in discussions around what guardrails make the most immediate sense if countries are to balance innovative economic growth and responsible societal behavior. As generative AI advances, CEOs and business leaders have the opportunity to explore the potential of generative AI as a tool that can redefine and reorganize work. From understanding the technology's capabilities to addressing ethical considerations, companies will need to navigate this landscape strategically, exploring best practices for effectively deploying generative AI while ensuring a human-centric approach that values employee well-being and collaboration.
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