Singh tells Yahoo Finance that as AI tech evolves, more companies consider it a risk. “Just recently, 56% of the Fortune 500 companies have identified AI as a risk factor on their most recent annual reports, and this is up by almost 50% compared to 2022.”
Heading into the presidential election, Singh believes “AI is going to be one of the most critical points moving forward, irrespective of who comes to power. This is going to be a core agenda for all the legislatures across the globe.” And also, um, maybe you're also your White house a i advisor role in the Rena Walk us through the responsibilities there.And thank you so much for having me so credo A I is the leading provider of a I governance software, uh, which basically means we help you with not only identifying A. I risks manage them at scale and also making sure they are compliant to emerging regulations.
Uh, just recently, 56% of the Fortune 500 companies have identified a I as a risk factor on their most recent annual reports.And the reason that is happening is a. I is becoming pervasive in whether it is in productivity tools for coding or whether it is being used in fraud models or in massively used, uh, you know, systems, which could be promoting misinformation.
Um, and the reason it's been heavily debated is it truly is bringing a lot of focus on what is a good governance framework look like, and we are we can dive deeper into it, but highest level enterprises that are building very powerful foundation models that potentially could impact massive misinformation, concerns, cyber attacks.