The author suggests four critical priorities for CEOs and boards: demonstrating real-world impact, building trust through transparency, fostering strategic partnerships, and investing in talent. The article also highlights the importance of making a strong business case for continued AI investment, addressing societal concerns, and building broad coalitions. The author concludes by stating that the future of AI innovation depends on CEOs and boards investing thoughtfully and responsibly, and those who do so will shape the corporate innovation landscape for decades to come.
Key takeaways:
- CEOs and boards need to demonstrate AI's real-world impact, build trust through transparency, foster strategic partnerships, and invest in future talent to secure continued investment and maintain a competitive edge in the global AI race.
- Companies like Microsoft, OpenAI, Google's DeepMind, and IBM are already capitalizing on the momentum of AI, investing billions of dollars and building large-scale digital compute infrastructure.
- Successful CEOs and boards are advocating for AI through strategic engagement, documenting success through detailed case studies and ROI analysis, addressing societal concerns, and building broad coalitions that span industry, academia, and government.
- The future of AI innovation depends on CEOs and boards driving the next steps, balancing pushing technological boundaries and ensuring fiscally responsible development, and investing thoughtfully and responsibly in AI capabilities.