In March 2024, the European Union approved the world’s first set of major regulatory rules to govern artificial intelligence. The EU AI Act categorizes technologies by risk – low, medium, high, and "unacceptable." Those deemed the most dangerous can, in Europe, be shut down entirely.

It was a huge change in the tech world, but many may wonder why it was needed. Forms of AI have been used for decades, so aren't existing laws enough? And how does generative AI differ from traditional AI?  

Mike Wade says it comes down to power. Generative AI is worlds apart from its predecessors. The technology could cause disaster in the wrong hands, and, like nuclear energy, it needs regulation. But enforcement of AI rules is tricky. Amit Joshi thinks the explainability of AI, or lack thereof, poses a challenge to regulators. 

In this latest episode of Mike & Amit Talk Tech, the two IMD professors discuss these problems in the context of the shifting landscape of AI law.

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Michael Wade is a Professor of Innovation and Strategy and Director of the IMD Global Center for Digital Business Transformation. He also holds the Cisco Chair in Digital Business Transformation. An expert in digital transformation, he has published 10 books and more than 100 case studies, as well as articles on topics such as digital business transformation, innovation, strategy, and digital leadership. 
  
Amit Joshi is a Professor of AI, Analytics, and Marketing Strategy. He specializes in helping organizations use artificial intelligence and develop their big data, analytics, and AI capabilities. An award-winning professor and researcher, he has extensive experience in AI and analytics-driven transformations in industries such as banking, fintech, retail, automotive, telecoms, and pharma. 

Find out more about IMD at imd.org

Mike & Amit talk about the future of Biotech, and how Artificial Intelligence may speed up healthcare and drug development.

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Michael Wade is a Professor of Innovation and Strategy and Director of the IMD Global Center for Digital Business Transformation. He also holds the Cisco Chair in Digital Business Transformation. An expert in digital transformation, he has published 10 books and more than 100 case studies, as well as articles on topics such as digital business transformation, innovation, strategy, and digital leadership. 
  
Amit Joshi is a Professor of AI, Analytics, and Marketing Strategy. He specializes in helping organizations use artificial intelligence and develop their big data, analytics, and AI capabilities. An award-winning professor and researcher, he has extensive experience in AI and analytics-driven transformations in industries such as banking, fintech, retail, automotive, telecoms, and pharma. 

Find out more about IMD at imd.org

The 21st century has been dominated by video. At its start, camcorders allowed amateurs to make their own home movies, and by 2023, the likes of TikTok had become ubiquitous. Phones and social media platforms made shooting and editing child play.

But 2024 is seeing another change, one that may shake the very foundation of video itself.

Sora, from Open AI, is an Artificial Intelligence construct that can produce film with only a text prompt. Soon, being on the spot with a camera or a phone, may be totally unnecessary for those seeking to create photorealistic movies. Like ChatGPT before it, Sora may be about to change the world as we know it. 

In the latest episode of Mike & Amit Talk Tech, the IMD professors discuss the latest innovations presented by Open AI in 2024.

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Michael Wade is a Professor of Innovation and Strategy and Director of the IMD Global Center for Digital Business Transformation. He also holds the Cisco Chair in Digital Business Transformation. An expert in digital transformation, he has published 10 books and more than 100 case studies, as well as articles on topics such as digital business transformation, innovation, strategy, and digital leadership. 
  
Amit Joshi is a Professor of AI, Analytics, and Marketing Strategy. He specializes in helping organizations use artificial intelligence and develop their big data, analytics, and AI capabilities. An award-winning professor and researcher, he has extensive experience in AI and analytics-driven transformations in industries such as banking, fintech, retail, automotive, telecoms, and pharma. 

Find out more about IMD at imd.or of vido

From deepfakes to AI assistants, the technology of tomorrow may help or hinder the world depending on whose hands it's in. In the final episode of 2023, Mike and Amit discuss what to expect in the coming year, and give their predictions over how to prepare.

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Michael Wade is a Professor of Innovation and Strategy and Director of the IMD Global Center for Digital Business Transformation. He also holds the Cisco Chair in Digital Business Transformation. An expert in digital transformation, he has published 10 books and more than 100 case studies, as well as articles on topics such as digital business transformation, innovation, strategy, and digital leadership. 
  
Amit Joshi is a Professor of AI, Analytics, and Marketing Strategy. He specializes in helping organizations use artificial intelligence and develop their big data, analytics, and AI capabilities. An award-winning professor and researcher, he has extensive experience in AI and analytics-driven transformations in industries such as banking, fintech, retail, automotive, telecoms, and pharma. 

Find out more about IMD at imd.org

The world has become familiar with artificial intelligence that can answer questions, often in a convincingly human manner. But so far, the technology has been limited by some key constraints. The first is that humans are still required to come up with the initial inputs, or 'prompts', to start conversations or processes. A second is that the relationship is bi-directional, interactions generally happen between a single human and an AI program.

But that may soon change.

In the not-too-distant future Amit and Mike expect seismic shifts in how generative AI will operate. Rather than working as a sounding board for our ideas, AI may well adapt to originate them, and perhaps even move into management itself. Could 2024 bring the advent of AI-powered digital coaches, a boss AI, or even a MomGPT?

In the sixth and final episode of this IMD miniseries on Generative AI, Mike and Amit discuss the future of this fast-growing sector and the possible limits on technological progress.

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Michael Wade is Professor of Innovation and Strategy and Director of the IMD Global Center for Digital Business Transformation. He also holds the Cisco Chair in Digital Business Transformation. An expert in digital transformation, he has published 10 books and more than 100 case studies, as well as articles on topics such as digital business transformation, innovation, strategy, and digital leadership.
 
Amit Joshi is Professor of AI, Analytics, and Marketing Strategy. He specializes in helping organizations use artificial intelligence and develop their big data, analytics, and AI capabilities. An award-winning professor and researcher, he has extensive experience in AI and analytics-driven transformations in industries such as banking, fintech, retail, automotive, telecoms, and pharma.  

Find out more about IMD at imd.org 

Since generative AI exploded into public consciousness, people and companies have been worrying about its ethics. But, says Amit Joshi, before considering rogue programs or the replacement of human thought, one must first consider the ABCs of AI ethics. 

Accuracy is the first big issue. How can one trust or disseminate the work of generative AI when it is so prone to hallucinating? 

Bias is a problem too. In a recent survey of image-generating AI models, when asked to produce a picture of a CEO, there was a 94% chance of a male image being produced. Requests for a “cashier” returned images of females 84% of the time. 

The big C here is copyright. Generative AI may seem to produce original content but how is one to know where the ideas truly originate? Might that magical marketing slogan produced by Chat GPT simply be lifted from another company? 

These problems are just the start. Mike Wade worries about the privacy of data, image recognition, and protection. Together, he and Amit discuss how big tech can mitigate these problems and whether a fair system can be achieved through regulation. 

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Michael Wade is Professor of Innovation and Strategy and Director of the IMD Global Center for Digital Business Transformation. He also holds the Cisco Chair in Digital Business Transformation. An expert in digital transformation, he has published 10 books and more than 100 case studies, as well as articles on topics such as digital business transformation, innovation, strategy, and digital leadership.
 
Amit Joshi is Professor of AI, Analytics, and Marketing Strategy. He specializes in helping organizations use artificial intelligence and develop their big data, analytics, and AI capabilities. An award-winning professor and researcher, he has extensive experience in AI and analytics-driven transformations in industries such as banking, fintech, retail, automotive, telecoms, and pharma.  

Find out more about IMD at imd.org 

It's hard to argue that generative AI won't improve productivity in the long run. 

You only need to ask Chat GPT a few questions to understand how fast it can pull together disparate facts, help you structure a workday, or simply find you a recipe. Early studies are backing that up too. A recent review by Harvard University and Boston Consulting Group showed that consultants using large language models were around 25% quicker at completing tasks. 

But what might that mean for the global workforce? Some have already welcomed AI into the office, giving machines administrative tasks and finding more time for creative and rewarding work. But many others worry that advanced AI will replace them.

In this week's episode, Mike and Amit discuss how much of an impact generative AI will have on the global economy and how long it will take for change to come.

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Michael Wade is a Professor of Innovation and Strategy and Director of the IMD Global Center for Digital Business Transformation. He also holds the Cisco Chair in Digital Business Transformation. An expert in digital transformation, he has published 10 books and more than 100 case studies, as well as articles on topics such as digital business transformation, innovation, strategy, and digital leadership. 
  
Amit Joshi is a Professor of AI, Analytics, and Marketing Strategy. He specializes in helping organizations use artificial intelligence and develop their big data, analytics, and AI capabilities. An award-winning professor and researcher, he has extensive experience in AI and analytics-driven transformations in industries such as banking, fintech, retail, automotive, telecoms, and pharma. 

Find out more about IMD at imd.org

Open AI, the company behind ChatGPT, is probably the most famous of the emerging artificial intelligence powerhouses. 

The firm is backed by Microsoft, a tech giant that hopes to dominate the world of generative AI. But several Silicon Valley titans like Google and Meta have other ideas.

From Llama to Bard, AI-enabled chatbots and programs have been released at breakneck speed. The competition is heating up, and a range of new startups are joining the race.

In this week's episode of Mike and Amit Talk Tech, our hosts discuss how the speed of change is increasing, the costs of AI research, and who might come out on top.

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Michael Wade is a Professor of Innovation and Strategy and Director of the IMD Global Center for Digital Business Transformation. He also holds the Cisco Chair in Digital Business Transformation. An expert in digital transformation, he has published 10 books and more than 100 case studies, as well as articles on topics such as digital business transformation, innovation, strategy, and digital leadership. 
  
Amit Joshi is a Professor of AI, Analytics, and Marketing Strategy. He specializes in helping organizations use artificial intelligence and develop their big data, analytics, and AI capabilities. An award-winning professor and researcher, he has extensive experience in AI and analytics-driven transformations in industries such as banking, fintech, retail, automotive, telecoms, and pharma. 

Find out more about IMD at imd.org

In the first episode of Mike & Amit’s mini-series on artificial intelligence, our hosts discussed the birth of AlphaGo and the technological underpinnings of generative AI.

But what makes ChatGPT different? Is there anything that fundamentally sets this latest generation of AIs apart from their predecessors?

At heart, says Amit Joshi, generative AI is still based on probability. Based on a given input a machine will try to figure out what should come next, and programs based on neural networks and backpropagation were brilliant at solving problems where context was not important.

But now AI has moved on. It can complex ideas without the framework of a board game or a closed system. That, says Mike Wade, is a game-changer.

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Michael Wade is a Professor of Innovation and Strategy and Director of the IMD Global Center for Digital Business Transformation. He also holds the Cisco Chair in Digital Business Transformation. An expert in digital transformation, he has published 10 books and more than 100 case studies, as well as articles on topics such as digital business transformation, innovation, strategy, and digital leadership. 

Amit Joshi is a Professor of AI, Analytics, and Marketing Strategy. He specializes in helping organizations use artificial intelligence and develop their big data, analytics, and AI capabilities. An award-winning professor and researcher, he has extensive experience in AI and analytics-driven transformations in industries such as banking, fintech, retail, automotive, telecoms, and pharma. 

Find out more about IMD at imd.org

Artificial intelligence has been talked about for decades, but over the last year, there has been a shift in the conversation.

The rise of ChatGPT and other forms of generative AI has led to a fierce debate. While some have heralded a new utopian world in which artificial intelligence fixes our problems, others have sounded the alarm, warning of a dystopian future ruled by machines. Global leaders, public intellectuals, and the heads of billion-dollar tech companies have staked a claim to both sides.

But is this moment really different from what's come before? Is generative AI truly disruptive? Or is this yet another tech fad?

Over several special episodes of Mike & Amit Talk Tech, our hosts will explore these questions and more. In today's episode, they cover the history of artificial intelligence, debate what it is and what it could be, and how today's particular brand of generative AI emerged.

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Michael Wade is a Professor of Innovation and Strategy and Director of the IMD Global Center for Digital Business Transformation. He also holds the Cisco Chair in Digital Business Transformation. An expert in digital transformation, he has published 10 books and more than 100 case studies, as well as articles on topics such as digital business transformation, innovation, strategy, and digital leadership.
 
Amit Joshi is a Professor of AI, Analytics, and Marketing Strategy. He specializes in helping organizations use artificial intelligence and develop their big data, analytics, and AI capabilities. An award-winning professor and researcher, he has extensive experience in AI and analytics-driven transformations in industries such as banking, fintech, retail, automotive, telecoms, and pharma.