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.com

Scott McKinney, partner at Wilson, Sonsini, Goodrich and Rosati PC and co-founder of their global AI practice, discusses his journey with computers, his decision to go to law school, and the impact of books like 'A Brief History of Time' on his interest in learning. He also talks about the use of AI in the legal field, including the development of an AI tool for contract writing and negotiation. Scott shares his insights on AI governance at big companies, the current state of AI regulation in the US, and ethical considerations in AI. He concludes with advice for CEOs adopting AI and undergrads interested in AI.

Takeaways

• After majoring in computer science, Scott decided to go to law school because he realized that being a coder all day every day was not for him.
• Scott's law firm has developed an AI tool for contract writing and negotiation, which helps companies streamline the review process and come up with proposed responses.
• AI governance at big companies can be challenging, with the risk of either over-governing or adopting a one-size-fits-all approach. Scott advises companies to be thoughtful and flexible in their AI governance.
• The current state of AI regulation in the US involves various existing laws that apply to AI, such as privacy laws and consumer protection laws. Some states are also introducing specific AI regulations. The SEC has proposed
• Ethical considerations in AI include issues of privacy, bias, and potential misuse of AI tools. Scott highlights the importance of being transparent and thoughtful in the use of AI.
• For CEOs adopting AI, Scott advises understanding the specific risks and implications of using AI in their organization and implementing technical measures and clear notices to mitigate potential issues.

References/Resources

A Brief History of Time by Stephen Hawking

Three Body Problem by Liu Cixin

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.com

Grant 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.

Takeaways

• Focus 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.

Resources

aicrisk.com

cisa.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.com

Harry 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.

 Takeaways

• His 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.

References

www.quantstreetcapital.com

STAYblog.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.com

Josh 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.

Takeaways

• Being 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.

Resources

IBM 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.com

This 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.

Takeaways

• Ethics 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.

Resources

The 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 Implementation

Blade 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.com

Reid 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.

Takeaways

• Reid 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.

Links

https://www.virtueconsultants.com/

https://en.wikipedia.org/wiki/Brazilian_jiu-jitsu

Books

Ethical Machines by Reid Blackman

Movies

Dead 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.

Books

The Power Broker: Robert Moses and the Fall of New York, by Robert Caro

Movies

Monty Python's The Holy Grail

References/Links

LUNAR: https://en.wikipedia.org/wiki/William_Aaron_Woods

Mike Hind: https://research.ibm.com/people/michael-hind

Research: 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.com

In 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.

Links

https://www.edelman.com 

https://www.sec.gov/news/press-release/2023-140

Why your AI narrative will need a refresh in 2024

Recent AI Executive Order Carries Implications for Financial Communications

AI-Powered Businesses Can Learn Key Lessons from the ESG Movement

Books

The Years of Lyndon Johnson by Robert A. Caro

Winston Churchill by William Manchester

Movie

The 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 Takeaways

• Building 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.

Resources

https://www.phronesisai.com/

https://www.linkedin.com/company/phronesis-ai/

Books Mentioned

Huckleberry 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/Links

Against the Gods by Peter Bernstein

Manias, Panics and Crashes by Charles Kindleberger

Alexander Hamilton by Ron Chernow (which inspired the Boardway show)

The Terminator (movie)

Lytical Ventures

Artificial Intelligence Risk, Inc.

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