It is no longer a question of whether generative AI will change the world, but how. This technology is already transforming the way we write code, communicate, source and consume information.
The potential future benefits of these advancements are monumental. However, these large language models, and other forms of generative AI, also present risks that not only threaten the usefulness of the sourced information but also prove to be damaging in unintentional ways.
Sensible regulation is critical to foster responsible use of generative AI while mitigating potential negative impacts. The onus in developing such regulations naturally falls onto governments and regulatory bodies. But, if we in the business community have the capability to leverage the power of generative AI, we should also take on the responsibility for helping develop appropriate guardrails and inputs on regulations to govern these technologies.
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