The largest US companies warn: AI is a growing risk. Huge increase in indications

As many as 56 percent of Fortune 500 companies listed artificial intelligence (AI) as a “risk factor” in their latest annual reports (for 2023), according to . The British economic journal cited analysis by research platform Arize AI, which tracks such financial reports.

Big companies see AI as a risk

There is a drastic increase in the number of such companies. In 2022, only 9% of the largest companies indicated the AI ​​threat in their reports. We also checked how generative AI is assessed, i.e. the technology behind ChatemGPT, for example. It allows, among other things, to create realistic images and films or texts that look like they were written by a human. 108 of the companies checked mentioned generative AI, of which only 33 described it as an opportunity, for about two thirds it is a threat.

What are giants afraid of?

When it comes to specific risks that AI poses, according to the giants, they list, among others, greater competition from those companies that are better at using (still relatively) new technology and problems related to reputation and ethics (the impact of AI on human rights and privacy). As the “FT” notes, concerns are greater in some industries in the US. These are primarily media and entertainment, and the technology and software industries.

Bubble or not bubble?

For several weeks, listed companies operating in the AI ​​industry, such as Nvidia, which produces processors for this technology, have been going through difficult times. The stock market plunged, and voices began to emerge. The general bearish (i.e. negative, downward-looking) sentiment on the stock market did not help. Over the past week or so, the aforementioned Nvidia has been making up for losses (again, similarly to stock markets in general) – since August 5, its price has rebounded by 20%.