From Barchart:

At the World Economic Forum in Davos, executives are eager about Artificial Intelligence but are struggling to make money from it. ChatGPT, which showed rapid growth in users, had executives talking about the value of generative AI.
In a shift from the previous hype, many CEOs at Davos are skeptical about the business value of the latest generative AI. They question its real practical application. The concerns range from hallucinations to biases and regulation issues.
One of the major concerns from the CEOs’ point of view is the possibility of AI reproducing human biases, and the implications of such behavior in the business world. End users are not yet confident in the capabilities of chat-based AI, creating concerns around usability and risk of AI-generated content.
While popular tech companies remain bullish on generative AI, 90% of 1,400 C-suite executives are waiting for its market potential to become clear. Google, Microsoft, and Amazon are proceeding with creating AI to streamline office work, but results remain unknown.
High expectations for the possibilities of AI result in various mix of acceptance and resistance. Medicine, specifically, is accepting of AI speed in note-taking but wary of automation. Companies continue to tackle ethical and practical concerns in AI’s applications.
As AI applications become more widespread, policies and regulations may be necessary to protect against misinformation or abuse. Whether through AI- or human-generated content, viewers should be able to differentiate the sources, according to a government official. The AI buzz becomes louder and more prevalent, reflecting the ongoing evolution and power of this technology.



Read more: AI buzzes Davos, but CEOs wrestle with how to make it pay