AI Risk Reward

In the AI Risk Reward podcast, our host, Alec Crawford, Founder and CEO of Artificial Intelligence Risk, Inc. aicrisk.com interviews guests about balancing the risk and reward of Artificial Intelligence for you, your business, and society as a whole.Podcast production and sound engineering by Troutman Street Audio. You can find them on LinkedIn and at troutmanstreetaudio.comGrant Ecker, Enterprise Architect and founder of a global forum of chief architects, discusses his journey in the world of technology and AI. He shares his experiences including his early encounters with AI. Grant also talks about the importance of focusing on people rather than tasks in leadership roles. He highlights the need for ethical AI governance and the risks associated with AI implementation in large companies. Grant provides advice for those interested in AI and shares his favorite sources of information.TakeawaysFocus on people rather than tasks in leadership roles.Ethical AI governance is crucial in large companies.Stay informed about AI developments through LinkedIn and curated sources (see below).Experiment and play with AI to learn and discover its potential.Consider the business impact when adopting large language models.Curate your LinkedIn feed to follow thought leaders in the AI space.Start by deploying simple AI solutions, such as chatbots, to provide value within organizations.Critically examine each component of AI architecture to mitigate data leakage risks.Resourcesaicrisk.comcisa.gov

In the AI Risk Reward podcast, our host, Alec Crawford, Founder and CEO of Artificial Intelligence Risk, Inc. aicrisk.com interviews guests about balancing the risk and reward of Artificial Intelligence for you, your business, and society as a whole.Podcast production and sound engineering by Troutman Street Audio. You can find them on LinkedIn and at troutmanstreetaudio.comHarry Mamaysky, professor at Columbia Business School and co-founder of Quant Street Capital, discusses his early experiences with personal computers, his studies in AI, his PhD thesis on illiquidity in securities pricing, his time at Morgan Stanley, and his meeting with Ray Dalio. He also talks about his motivation for starting Quant Street Capital and how they provide analytics and portfolio management services to registered investment advisors. TakeawaysHis PhD thesis focused on the impact of illiquidity on securities prices.During his time at Morgan Stanley, he worked in the Capital Structure Arbitrage group and learned valuable lessons from his bosses.He had the opportunity to meet and have dinner with Ray Dalio, who emphasized the importance of admitting mistakes and learning from them.The origin story of Quant Street Capital was driven by Harry's desire to combine research and investing, and to provide better financial advice to clients.Quant Street Capital offers portfolio management services and analytics to registered investment advisors.Harry has concerns about AI, particularly in areas like deep fakes and hype.Referenceswww.quantstreetcapital.comSTAYblog.substack.com 

In the AI Risk Reward podcast, our host, Alec Crawford, Founder and CEO of Artificial Intelligence Risk, Inc. aicrisk.com interviews guests about balancing the risk and reward of Artificial Intelligence for you, your business, and society as a whole.Podcast production and sound engineering by Troutman Street Audio. You can find them on LinkedIn and at troutmanstreetaudio.comJosh Cook, founder at Left of Boom Consulting, discusses his journey from philosophy major to law school and his passion for cybersecurity. The movie the Terminator may have gotten him started on his cybersecurity career journey! He shares stories of encountering Mark Wahlberg and Rick Pitino while waiting tables in Boston. Josh emphasizes the importance of being prepared for cybersecurity incidents and the role of AI in both defense and attack. He highlights the legal issues surrounding AI, such as bias and transparency, and offers advice for lawyers using AI.TakeawaysBeing prepared for cybersecurity incidents is crucial for businesses of all sizes.AI has the potential to both enhance decision-making and create legal and ethical challenges.Lawyers should use AI as a tool, but not rely on it to replace their own judgment.ResourcesIBM Fundamentals in AI course

In the AI Risk Reward podcast, our host, Alec Crawford, Founder and CEO of Artificial Intelligence Risk, Inc. aicrisk.com interviews guests about balancing the risk and reward of Artificial Intelligence for you, your business, and society as a whole.Podcast production and sound engineering by Troutman Street Audio. You can find them on LinkedIn and at troutmanstreetaudio.comThis episode's guest is Dr. Kevin LaGrandeur, Director of Research at the Global AI Ethics Institute. He discusses his background and research priorities in AI and ethics. He highlights the importance of considering the ethical implications of AI and the need for AI ethics specialists to ensure responsible use. He also explores the potential benefits and challenges of AI in various fields, such as medicine and government. He is concerned about massive job losses over the next 10-15 years before AI jobs created catches up to jobs lost. LaGrandeur emphasizes the need for businesses and organizations to prioritize ethics in AI development and implementation. He also discusses the dangers of AI hype and the importance of accurately representing AI capabilities.TakeawaysEthics should be a priority in AI development and implementation to ensure responsible and beneficial use.AI has the potential to bring significant advancements in fields like medicine and communication.Businesses and organizations should prioritize AI ethics to address concerns and ensure alignment with human values.AI hype can lead to misinformation and unrealistic expectations, which can have negative, even lethal, consequences.ResourcesThe Global Ethical AI Institute https://globalethics.ai/The Consequences of AI Hype and Misinformation https://link.springer.com/article/10.1007/s43681-023-00352-y Prioritizing Ethics in AI Development and ImplementationBlade Runner

In the AI Risk Reward podcast, our host, Alec Crawford, Founder and CEO of Artificial Intelligence Risk, Inc. aicrisk.com interviews guests about balancing the risk and reward of Artificial Intelligence for you, your business, and society as a whole.Podcast production and sound engineering by Troutman Street Audio. You can find them on LinkedIn and at troutmanstreetaudio.comReid Blackman, author of Ethical Machines and founder of Virtue Consultants, discusses his background, philosophy on founding companies, interest in ethics and philosophy, and experience as a philosophy professor. He shares his research focus and reading preferences (papers, not books), as well as his insights on preparing firms and employees for AI adoption.Reid also explores the challenges of transparency, explainability, privacy, deepfakes, and AI's ability to make ethical distinctions. He offers advice for college students interested in AI as well as CEOs implementing AI.TakeawaysReid Blackman emphasizes the importance of transparency and explainability in AI systems to build trust and mitigate ethical risks.Privacy concerns in AI extend beyond data anonymization, as inferences made by AI systems can also violate privacy.The future of AI will depend on the collective impact of AI applications, and it is crucial to consider the ethical implications of these applications.Reid Blackman advises college students interested in AI to consider their specific goals within the field and pursue relevant disciplines such as math, computer science, linguistics, or philosophy.For CEOs implementing AI, Reid Blackman's company, Virtue Consultants, provides guidance and support to ensure responsible and ethical AI practices. Linkshttps://www.virtueconsultants.com/ https://en.wikipedia.org/wiki/Brazilian_jiu-jitsuBooksEthical Machines by Reid BlackmanMoviesDead Poets Society  

In the AI Risk Reward podcast, our host, Alec Crawford, Founder and CEO of Artificial Intelligence Risk, Inc. https://www.aicrisk.com interviews guests about balancing the risk and reward of Artificial Intelligence for you, your business, and society as a whole.Podcast production and sound engineering by Troutman Street Audio. You can find them on LinkedIn and at https://www.troutmanstreetaudio.com In this episode, Mike Hind, a distinguished research staff member at IBM, shares his journey in computer science and his focus on trustworthy AI. He discusses his early interest in computers and his thesis on automatic parallelization. Mike also talks about the perception of AI in the 1980s and 1990s and the current focus on trustworthy AI at IBM. He highlights the importance of ethical AI and the challenges of explainability.Mike shares his insights on potential applications and challenges of AI in the future and provides advice for leaders preparing for AI adoption. Finally, he shares his thoughts on various topics in the underrated or overrated segment. In this conversation, Alec and Mike Hind discuss various topics, including New York pizza, quantum computing, and Monty Python's The Holy Grail. BooksThe Power Broker: Robert Moses and the Fall of New York, by Robert CaroMoviesMonty Python's The Holy GrailReferences/LinksLUNAR: https://en.wikipedia.org/wiki/William_Aaron_WoodsMike Hind: https://research.ibm.com/people/michael-hindResearch: https://aifs360.res.ibm.com/

In the AI Risk Reward podcast, our host, Alec Crawford, Founder and CEO of Artificial Intelligence Risk, Inc. https://www.aicrisk.com interviews guests about balancing the risk and reward of Artificial Intelligence for you, your business, and society as a whole.Podcast production and sound engineering by Troutman Street Audio. You can find them on LinkedIn and at https://www.troutmanstreetaudio.comIn this episode, Alec interviews Chris Donahoe, Executive Vice President and Head of AI Strategy at Edelman-Smithfield, discusses his background, education, and career journey. Chris shares insights on the impact of AI on the communications industry and the need for professionals to adapt and embrace responsible innovation. Chris also provides advice for young professionals interested in the field of AI and emphasizes the importance of understanding the implications and potential risks of AI. He discusses the role of AI in communications and the challenges and opportunities it presents. Chris concludes by discussing the societal and regulatory aspects of AI and the need for a responsible approach to its development and implementation.Linkshttps://www.edelman.com https://www.sec.gov/news/press-release/2023-140Why your AI narrative will need a refresh in 2024Recent AI Executive Order Carries Implications for Financial CommunicationsAI-Powered Businesses Can Learn Key Lessons from the ESG MovementBooksThe Years of Lyndon Johnson by Robert A. CaroWinston Churchill by William ManchesterMovieThe Lives of Others

In the AI Risk Reward podcast, our host, Alec Crawford, Founder and CEO of Artificial Intelligence Risk, Inc. (https://www.aicrisk.com), interviews guests about Artificial Intelligence. They discuss how to use AI effectively to generate value and the different risks AI creates, as well as how to mitigate risks with governance, risk, compliance, and cybersecurity (GRCC).Podcast production and sound engineering by Troutman Street Audio. You can find them on LinkedIn and at https://www.troutmanstreetaudio.com. In this episode, Alec interviews Rick Fine, Co-Founder and CEO of Phronesis AI. Rick discusses his background in building companies and the lessons he has learned along the way. He shares his love for independence and adventure, going back to his experiences as a latchkey kid. Rick also talks about Sleeping Donkey, a company he co-founded for partnering in business growth.The conversation then transitions to drug discovery and the use of AI in the process. Rick emphasizes the genius and character of his partner, Will Spagnoli, and explains the concept of de novo molecules. He discusses the strategy for Phronesis Artificial Intelligence, focusing on partnerships and licensing. Rick shares the partnership with Temple University and the potential value of their output. He also discusses the ethical considerations of AI and expresses optimism for the future.Key TakeawaysBuilding companies requires perseverance and a willingness to take action and risk.Independence and adventure can shape one's entrepreneurial journey.AI plays a crucial role in drug discovery, enabling the design of de novo molecules.Partnerships and licensing can accelerate the development and commercialization of drugs.Ethical considerations and responsible use of AI are important in the industry.Optimism for the future lies in meeting basic needs, promoting peace, and advancing healthcare.Resourceshttps://www.phronesisai.com/ https://www.linkedin.com/company/phronesis-ai/ Books MentionedHuckleberry Finn by Mark Twain

In the AI Risk Reward podcast, our host, Alec Crawford, Founder and CEO of Artificial Intelligence Risk, Inc., interviews guests about Artificial Intelligence. They discuss how to use AI effectively to generate value and the different risks AI creates, as well as how to mitigate risks with governance, risk, compliance, and cybersecurity (GRCC).This podcast is produced by Troutman Street Audio. You can find them on LinkedIn and at https://www.troutmanstreetaudio.com. In this episode, Alec interviews Craig Lifschutz, Managing Director at Lyrical Partners and Founding Partner at Lytical Ventures. Craig is a founder as well as a venture capitalist and focuses on seed through the "A" round, where he believes is the sweet spot for investing in technology companies.Craig empathizes the importance of ethics in AI and investing, stating that good investing doesn’t involve exploiting or manipulating people. He doesn’t endorse investing in products that negatively affect customers, such as using personal data to sway voters, and prefers companies that protect private data and maintain the integrity of systems.Craig underlines the necessity for proper AI regulation, which should be collaborative with both legislators and industry experts who understand the technology's potential and risks. He points out the current mismatch between the rapid development of AI capabilities and slower legislative processes, highlighting the need for well-intentioned and knowledgeable people to determine what implementations of AI are acceptable.Craig's career journey includes working in asset management while attending NYU Stern, transitioning from client service to an analyst role, running investments for a family office, managing a special situations hedge fund, and starting an e-commerce company.Craig's decision to join Lyrical Partners came about through an introduction to Jeff Keswin, which led to a significant career in the investment field spanning over a decade.References/LinksAgainst the Gods by Peter BernsteinManias, Panics and Crashes by Charles KindlebergerAlexander Hamilton by Ron Chernow (which inspired the Boardway show)The Terminator (movie)Lytical VenturesArtificial Intelligence Risk, Inc.Copyright (c) 2024 Artificial Intelligence Risk, Inc.