The World Economic Forum Jumps On the Artificial Intelligence Bandwagon – Forbes

Sergey Tarasov - stock.adobe.com

Last Friday, the World Economic Forum (WEF) sent out a press announcement about an artificial intelligence (AI) toolkit for corporate boards. The release pointed to a section of their web site titled Empowering AI Leadership. For some reason, at this writing, there is no obvious link to the toolkit, but the press team was quick to provide the link. It is well laid out in linked we pages, and some well-produced pdfs are available for download. For purposes of this article, I have only looked at the overview and the ethics section, so here are my initial impressions.

As would be expected from an organization focused on a select few in the world, the AI toolkit is high level. Boards of directors have broad but shallow oversight over companies, so there is no need to focus on details. Still, it is wished that a bit more accuracy had been involved.

The description of AI is very nice. There are many definitions and, as Ive repeatedly pointed out, the meaning of AI and of machine learning (ML) continue to both be changing and to have different meanings to many. The problem in the setup is one that many people miss about ML. In the introductory module, the WEF claims The breakthrough came in recent years, when computer scientists adopted a practical way to build systems that can learn. They support that with a link to an article that gets it wrong. The breakthrough mentioned in the article, the level of accuracy in an ML system, is far more driven by a non-AI breakthrough than a specific ML model.

When we studied AI in the 1980s, deep learning was known and models existed. What we couldnt do is run them. Hardware and operating systems didnt support the needed algorithms and the data volumes that were required to train them. Cloud computing is the real AI breakthrough. The ability to link multiple processors and computers in an efficient and larger virtual machine is what has powered the last decades growth of AI.

I was also amused about with list of core AI techniques where deep learning and neural networks are listed at the same level as the learning methods used to train them. Im only amused, not upset, because boards dont need to know the difference to start, but its important to introduce them to the terms. I did glance at the glossary, and its a very nice set of high-level definitions of some of these so interested board members can get some clarification.

On a quick tangent, their definition of bias is well done, as only a few short sentences reference both the real world issue of bias and the danger of bias within an AI system.

Ethics are an important component (in theory) to the management of companies. The WEF points out at the beginning of that module that technology companies, professional associations, government agencies, NGOs and academic groups have already developed many AI codes of ethics and professional conduct. The statement reminds me of the saying that standards are so important that everyone wants one of their own. The module then goes on to discuss a few of the issue of the different standards.

Where I differ from the WEF should be no surprise. This section strongly minimized governmental regulation. Its all up to the brave and ethical company. As Zuckerbergs decision that Facebook will allow lies in political advertisements as long as it makes the firm and himself wealthier, it is clear that governments must be more active in setting guidelines on technical companies, both in at large and within the AI arena. Two years ago, I discussed how the FDA is looking at how to handle machine learning. Governments move slowly, but they move. Its clear that companies need to be more aware of the changing regulatory environment. Ethical companies should be involved in both helping governments set reasonable regulations, ones that protect consumers as well as companies, and should be preparing systems, in advance, to match where they think a proper regulatory environment will evolve.

The WEFs Davos meetings are, regardless of my own personal cynicism about them, where government and business leaders meet to discuss critical economic issues. Its great to see the WEF taking a strong look at AI and then presenting what looks like a very good, introductory, toolkit for boards of directors, but the need for strong ethical positions means that more is needed. It will be interesting to see how their positioning advances over the next couple of years. F

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The World Economic Forum Jumps On the Artificial Intelligence Bandwagon - Forbes