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Discover the Benefits and Risks of AI for Your Business

Discover the Benefits and Risks of AI for Your Business "Gold chip for the AI processor"

Artificial Intelligence (AI) is quickly becoming a major part of many businesses. ChatGPT, an AI-powered chatbot, launched in November 2022 and quickly gained 100 million users. AI is being used to cut costs and drive efficiencies in many organizations. However, there are potential risks associated with AI, such as data security and privacy. Joseph Fitzgibbon and Alannah O'Hara from Shepherd and Wedderburn LLP discuss the opportunities and risks of AI for businesses.

AI can be a great asset for businesses, but it is important to understand the potential risks associated with it. Companies should ensure that they have the right security measures in place to protect their data and the privacy of their customers. Additionally, businesses should consider the ethical implications of using AI, such as how it might affect their employees. Ultimately, AI can be a powerful tool, but it is important to be aware of the potential risks and take the necessary steps to protect your business.

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