Generative Artificial Intelligence and Corporate Boards Cautions and Considerations

Generative AI (i.e., AI creating original content using machine learning and neural networks) has captivated people everywhere, producing a range of responses from doomsday warnings of machines rendering humans extinct to rosy dreams where machines possess magical properties. In corporate boardrooms, however, a more sober conversation is occurring. It seeks a practical understanding of how boards might evaluate this powerful, but error-prone new tool, and comes with both cautions about its downsides and considerations for potential upsides.