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 artificial intelligence proliferate


Baker McKenzie Survey: As Usage of Artificial Intelligence Proliferates, Companies May Underestimate AI's Business Risks

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Companies in the US may be bullish on using artificial intelligence (AI), but many executives are ambivalent about its associated risks – especially when it comes to AI-enabled hiring and people management tools. According to a new survey by the global law firm Baker McKenzie, though 100 percent of senior executives agree there are risks associated with using AI, just 4 percent of respondents consider these risks to be "significant." Three fourths of those surveyed indicate their organization uses AI for key human resources (HR) management and employment functions – for example, recruiting and hiring, performance and promotion, and analyzing employee attendance or productivity trends. The Baker McKenzie survey, Risky Business: Identifying Blind Spots in Corporate Oversight of Artificial Intelligence queried 500 US based C-level executives who self-identified as part of the decision-making team responsible for their organization's adoption, use and management of AI-enabled tools. The telephone- and email-based survey was conducted during the months of December 2021 and January 2022, with executives at companies with at least $10.3 billion in annual revenues on average, across a range of industries.

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