ADVISORY FROM SPECIALISTS
Obstacles exist in the progression, execution, and consequences of artificial intelligence. Nevertheless, individuals retain the capacity to mitigate risks and even promote effective integration of AI—should they decide to accept that accountability.
Experts from the University of Michigan, Nigel Melville and Yousif Hassan, feature in the newest episode of Business & Society to examine the inherent risks linked to AI, the hurdles of overseeing a swiftly evolving technology, job reductions, human agency, systemic biases, and the ecological impact of data facilities.
Melville, an associate professor of technology and operations at U-M’s Ross School of Business, along with Hassan, an assistant professor at the Ford School of Public Policy, emphasize the need for clarity regarding AI’s deployment and the significance of reaching a collective understanding and vision within society.
Business & Society is collaboratively produced by the Ross School and Michigan News.
“We must bring together artists, historians, political scientists, and economists to develop a common understanding. What does AI represent? What significance does it hold for us? What are its potentialities?” Melville stated. “What are the dangers—a mutual comprehension and a joint vision of how we can address and create solutions for these complex issues. This is a responsibility and an incredible chance for a renowned institution like the University of Michigan.”
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“AI isn’t inherently good or bad—but it isn’t neutral either, which implies that we have the power to influence the technology,” Hassan remarked. “Society can shape this, yet it will demand significant effort. Numerous stakeholders and interest groups are making these decisions on our behalf, which is not conducive to responsible, sustainable advancement. Therefore, focusing on democratic discussions concerning AI and what society aspires to achieve from it is crucial. We are at a pivotal moment where this urgency is escalating.”
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Business & Society is co-produced by JT Godfrey from the Ross School of Business and Jeff Karoub from Michigan News. Audio engineering is managed by Jonah Brockman, with editorial production handled by Mads Henke. Listen to all episodes of the podcast.