S&P 500 companies: Ohh, that's sketch...no, it's material risk

Based on this article by The News Conference Board.

A recent report reveals a dramatic surge in the number of S&P 500 companies identifying artificial intelligence as a material risk, with 72% of firms now flagging AI in their public disclosures, a massive jump from just 12% in 2023. Reputational risk is the most frequently cited concern, with companies worried about brand damage from failed AI projects, consumer-facing errors, and privacy breaches.

Cybersecurity is another major worry, as AI is seen as both expanding the potential for attacks and providing malicious actors with more sophisticated tools. Rounding out the top concerns are legal and regulatory risks, with companies struggling to navigate the evolving and fragmented landscape of AI-related rules and compliance obligations.

Check out the article.

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