Late last year, the European Union introduced the Artificial Intelligence Liability Directive (AILD) to "improve the functioning of the internal market by laying down uniform rules for certain aspects of non-contractual civil liability for damage caused with the involvement of AI systems." Bad AI is AI that isn't trustworthy--AI that is based on biased or incomplete data that then, in turn, could perpetuate harmful outcomes. And with AI expecting a compound annual growth rate of 20% by 2030--to reach nearly US $1.4 trillion--the technology, media and telecommunications (TMT) industry has a critical responsibility to not only develop the most trustworthy AI but also model the most trustworthy AI behavior to their business customers and society at large. While AI may have seemed like the stuff of science fiction, it has now entered the realm of reality and offers incredible potential to make businesses more competitive. According to Deloitte's AI Dossier, there are six key ways AI can help businesses create value: But while AI presents amazing potential for business value, AI has an equal amount of potential to go wrong.

Innovation and the Pandemic Propelled Performance The 2022 TMT Value Creators Report February 28, 2022 By Simon Bamberger, Hady Farag, Derek Kennedy, Franck Luisada, Michaela Novakov, Vaishali Rastogi, and Neal Zuckerman The outsized role that technology, media, and telecommunications (TMT) companies play in modern life has made the sector a leader in creating shareholder value. From 2016 to 2021, TMT companies collectively outperformed those in many other industries in total shareholder return (TSR), according to BCG's 2022 Value Creators Report. Among our findings: The lion's share of TMT value creation came from tech players, which from 2016 to 2021 had a median annual TSR performance of 30%, more than double the median overall return of 13% for the 33 industries we studied. Of the 232 TMT companies in our sample, 70% posted a higher TSR during the period that included the peak of the pandemic, the 21 months from March 2020 to November 2021, than during the prior 21 months. Continuing on the same growth trajectory may be a challenge given recent investor anxieties about inflation, monetary policy, and moderating earnings growth.

This is an era of disruption. Technology innovation, the intensifying march of digitization, and the cumulative effect of the "big exponentials" - the laws of accelerating growth governing processing power, storage, and bandwidth - are shattering, reshaping, and redefining economics in and across industries. Companies in the technology, media, and telecommunications (TMT) sectors are in the vanguard, bringing these new opportunities to market - even as their legacy businesses are threatened by them. TMT companies have begun to engage in end-to-end digital transformation by digitizing the value chain in their core businesses and enter new disruptive businesses. Still, they are subject to massive dislocation and attack.

This is an era of disruption. Technology innovation, the intensifying march of digitization, and the cumulative effect of the "big exponentials" - the laws of accelerating growth governing processing power, storage, and bandwidth - are shattering, reshaping, and redefining economics in and across industries. Companies in the technology, media, and telecommunications (TMT) sectors are in the vanguard, bringing these new opportunities to market - even as their legacy businesses are threatened by them. TMT companies have begun to engage in end-to-end digital transformation by digitizing the value chain in their core businesses and enter new disruptive businesses. Still, they are subject to massive dislocation and attack.