Thought leadership article

Artificial intelligence and the future of risk

As companies speed toward investment and adoption of generative artificial intelligence (GenAI) applications, government and industry increasingly recognize that adopting the technology also creates disruptions. A new report by the National Institute of Standards and Technology (NIST) emphasized that cybersecurity is one of those disruptive influences at stake.

The shift toward AI is happening quickly. A little more than a year ago, Microsoft introduced ChatGPT, which easily demonstrated for consumers how GenAI can generate new, unique content from previously learned data. Within months of its introduction, ChatGPT registered more than 100 million unique monthly users.

ChatGPT is not an isolated example. Today, GenAI tools assist businesses by responding to questions in multiple languages, as well as producing images, video and audio that can be indistinguishable from human-produced content. As the implementation of GenAI continues to transform industries, the growth and speed of take-up should also accelerate. However, much like the emergence of the internet, the promise of AI will also generate new risks…

This article is reproduced with the kind permission of ICMIF Supporting Member Guy Carpenter. For more information click here.

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