Prove AI just closed a survey of 600+ CEOs, CIOs, and CTOs on the state of AI – “The Essential Role of Governance in Mitigating AI Risk.” Big picture, executives are weighing AI’s promised benefits over its proven risks, for now, at least. Here are a few top-line findings on some of the concerns they have:
- Executives say their AI systems face issues with data quality (82%), bias (73%), and hallucinations (60%);
- Worse still, 65% of execs are concerned over potential copyright infringement and data security;
- Only 5% of organizations have implemented an AI governance solution – with 82.3% of respondents say they need to in the coming year.
Despite all of this, 96% plan to increase AI investments next year. But with regulation (US + global) looming large, these risks will need to be addressed sooner than later. The report has 20+ pages of data on technical challenges, governance plans, and regulations, among other top AI priorities.
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