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Sema's CEO and co-founder Matt Van Itallie recently shared commentary for The Globe and Mail on the topic of responsible AI adoption for CFOs. Key insights are below, and you can read the full article here.
There’s wisdom in being cautious, says Matt Van Itallie, founder and chief executive officer of Sema, a software company that works with companies to analyze and manage compliance, legal and security risks in engineering tasks that incorporate generative AI. “We are strong proponents of adopting AI given the benefits. It just needs to be managed carefully,” he says.
Case in point: Sema recently conducted a global analysis of the risks posed by AI technologies used within businesses, interviewing more than 200 lawyers, developers, investors and technology leaders, and analyzing 20 million words over thousands of documents to better understand steps their customers can take to implement AI responsibly.
In the end, Mr. Van Itallie and his team found 2,373 total risks in the information shared with them, including 13 instances that were “critical,” and would need to be solved within 60 days in order to address concerns such as “protecting intellectual property, data leakage and global compliance.”
It’s important, Mr. Van Itallie says, to know and evaluate the risks, some of which are “inherent” to AI – like the fact that laws and regulations still lag behind this technology.
