Responsible AI is no longer just a compliance checkbox or a philosophical debate—it’s an urgent, practical necessity. In the year since our last summit, the global AI landscape has transformed at breakneck speed: the EU AI Act is now in motion, generative AI use cases have exploded across the enterprise, and issues of risk, bias, and safety failures are under more scrutiny than ever.
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AI adoption is accelerating, but many companies are moving too fast—leading to poor ROI, lost trust, and costly failures. A recent Accenture survey found that 56% of Fortune 500 firms now cite AI as a risk, up from 9% last year. Alarmingly, 74% paused at least one AI project due to unexpected issues. AI incidents—from bias to breaches—are up 32% in two years, and 91% of firms expect more. Nearly half foresee a major AI failure within a year, with potential value loss of 30%. It’s time to get ahead of the risks.
September 2024, over 150 industry leaders, regulators, and academics came together to drive global progress in Responsible AI. From de-risking technology to implementing governance and compliance frameworks, our Post-Event Report showcases agenda highlights, participating companies, and attendee testimonials.
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Artificial intelligence (AI) continues to evolve at an astonishing pace, with Large Language Models now leading new discourse about AI risk and safe usage. Meanwhile, governments worldwide are taking more interest in AI and are introducing guidance documents and legislation to encourage responsible use by both developers and end-users. In this report, we examine these 5 steps you can take to stay ahead of the curve in preparation for your AI journey.
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