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Tech leaders fear the outcomes of biased AI: report

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Companies working with AI fear losing money or staff over AI bias, but there's additional risk in being outpaced by competition if projects fail due to AI bias. To jump ahead of algorithmic bias, over half of companies with mature AI implementations check the fairness, bias and ethics of their AI platforms, according to the O'Reilly 2021 AI Adoption in the Enterprise report. One approach yielding results for organizations is the development of in-house centers of excellence, said Marshall Choy, SVP, product at SambaNova. These institutions can address the technical aspects of AI as well as "the business and organizational implications of governance, dealing with topics like bias and ethics of AI." Despite ethical challenges, AI remains a top enterprise technology priority.