The AI ‘arms race’ and its business impact

19/11/2024 | Online Zoom Conferencing

As AI continues its rapid evolution, policymakers, business leaders and civil society are struggling to keep pace with the risks and opportunities this technology represents. AI promises to drive economic efficiencies across sectors, democratise access to knowledge, improve public security and create new pathways to ecological sustainability. 

However, the same technology can trigger negative disruptions: in labour markets, the information ecosystem, security and add to the climate crisis. The challenge of harnessing the positives and reining in the negatives of this technology is made harder by the intensification of geopolitical rifts, especially between the US and China, which are not only the top two AI leaders but also increasingly hostile to each other. This has triggered intense competition among nations over technological supremacy and increased regulatory divergence.

All these trends will have a substantial impact on businesses –  on their operations, their challenges, and their opportunities in the global marketplace. This webinar will delve into these key trends and what businesses can do to harness this technology successfully and responsibly.

Learning Objectives

At the end of this session, delegates will be able to:

  • Explaining and demystifying the technology: with an understanding of the power and problems of GenAI as a technology
  • Outline the impact on Economy, Society, Politics and Security: business and industry applications of AI across these four sectors and misuse risks
  • Summarise environmental paradox- the environmental promise and problems of this water and energy intensive tech and its impact on ESG
  • Explain global regulatory landscape – the divergences in regulation of AI and its impact on  business innovators and adopters

About the Presenter

Megha Kumar
Megha is CyXcel’s Chief Product Officer and Head of Geopolitical Risk. She brings over 14 years’ experience in product innovation, service delivery and client development in the geostrategic intelligence and country risk industry.

She has been a long-standing, trusted advisor to C-Suite decision-makers in Fortune 500 and FTSE 100 companies, across the technology, energy, mining, finance and infrastructure sectors. Within the public sector, she has worked extensively with major governments on national policy and regulations, and various international bodies, including the United Nations, IMF, NATO and the World Bank. She is a well-known expert on global digital and technology policy, emerging technologies such as AI, digital market regulations, and on developing Asian economies.  

A renowned researcher and writer on technology and gender rights, she has co-authored ‘Global Perspectives on Women, Work and Digital Labour Platforms’ and authored ‘Communalism and Sexual Violence in India:  The Politics of Gender, Ethnicity and Conflict’.