The 1990s saw the explosion of the internet, transforming the global economy and social development in ways we could have never imagined. But will AI truly have the same impact? While its potential is undeniable, the road ahead is full of risks, challenges, and ethical concerns. Will AI drive efficiency and innovation, or will it create new vulnerabilities that companies must scramble to control?
In this episode of Corruption, Crime, and Compliance, Michael Volkov dives deep into the legal, ethical, and compliance challenges surrounding AI. He explores how businesses are navigating AI adoption, the risks they face, and the safeguards they must implement to protect themselves.
You’ll hear him discuss:
- Why AI’s economic impact, while significant, may not match the transformative power of the internet
- Goldman Sachs’ prediction that AI could add $7 trillion to global GDP over the next decade
- The massive investments required to scale AI, from semiconductors and data centers to energy and infrastructure
- How generative AI is reshaping industries by creating human-like content with limitless applications
- The hidden dangers of AI, including misinformation, deepfakes, fraud, and identity theft risks
- Why businesses are cautiously adopting AI while grappling with privacy, copyright, and security concerns
- The importance of AI compliance programs to mitigate legal, ethical, and reputational risks
- Best practices for companies to ensure AI-generated content is accurate, transparent, and responsibly used
Resources
Michael Volkov on LinkedIn | X (Twitter)
The Volkov Law Group
