On the flipside, there are fast-moving technology developments that need to be reined through appropriate government regulations. MBOpinion READ:
He framed his presentation: Digital Disruption in a VUCA World. According to the VUCA-World website, it is a term first used in 1985 by economists and university professors Warren Bennis and Burt Nanus in their book Leaders: The Strategies for Taking Charge on the challenges posed by various external forces and what these imply for corporate leaders.
There was, of course an elephant in the room. He was forthright in disclosing that he had used ChatGPT – and flagged with a chatbot icon the content in his slide deck that were generated by the use of this AI-powered app. Third, he identified the foresight skills needed to thrive in the current global milieu by emphasizing the pivotal significance of lifelong learning.
CNBC reports that last May 15, a committee in the European Parliament approved the EU’s AI Act and brought it closer to becoming law: “The regulation takes a risk-based approach to regulating artificial intelligence. Also concerning are social media algorithms, such as those used by Facebook and Twitter, can contribute to the spread of false or biased news stories; these algorithms prioritize popular content, which can result in sensationalized or inaccurate news being given more prominence.” Professor Macaranas cautioned the editors that the tremendous power of AI – as ChatGPT exemplifies – could spark deleterious consequences.
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