Embracing AI means we must mitigate risk to firms, industries, consumers and society

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Embracing AI means we must mitigate risk to firms, industries, consumers and society
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Artificial intelligence is becoming increasingly common in America and around the world. But embracing AI means we must mitigate risk to firms, industries, consumers and society.

Arista Networks CEO Jayshree Ullal reveals which of the cloud networking companies' products support A.I. on 'The Claman Countdown.'

What is crucial for American consumers is that there are effective, operational company policies delineating ANI operating practices and performance, and clear, consumer accessible information disclosure on how well the firm is abiding by these industry ANI best practices. One research approach to further effectively embracing private governance is "polycentric governance," a theoretical construct developed by Nobel Prize in Economic Science winner Elinor Ostrom.

Private governance is the critical component of mitigating AI technological risk to firms, industries, consumers and American society. The challenge remains, however, whether there is a corpus of American technological leadership that recognizes, invests and continues to maintain an effective regulatory equilibrium.

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