Key Takeaways:

• AI can be viewed as a necessity for growth to drive both cost savings and revenue growth.
• Establishing a strong governance framework is crucial for managing risks associated with AI, such as data breaches and compliance with regulations like HIPAA and PCI.
• AI can be used both reactively to address immediate pain points and proactively to predict and optimize future business operations.
• While speed and scale are important, startups must ensure they do not compromise on compliance and governance, which are vital for sustainable growth.
• Developing an AI use policy is a best practice to guide internal and external applications of AI, ensuring responsible and effective usage.