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MIT Sloan Management Review (MIT SMR) has released its list of the top 10 AI must-reads for 2023, offering valuable AI insights into the world of artificial intelligence (AI) and its impact on businesses. In a year marked by unprecedented AI growth, these articles provide expert advice on generative AI, responsible AI strategy, key performance indicators (KPIs), and the ethical challenges posed by AI technologies. In 2022, OpenAI unleashed ChatGPT, an AI-powered chatbot, to the world. Within just two months, it garnered an astounding 100 million monthly users. By November 2023, OpenAI proudly announced that ChatGPT had reached 100 million weekly active users, including adoption by over 92% of Fortune 500 companies. The rapid adoption of ChatGPT highlights the immense potential of AI in the business world, as well as the growing reliance on AI-driven solutions. MIT SMR’s top article of the year delves into the capabilities and limitations of ChatGPT when it comes to addressing business strategy questions. Ethical dilemmas in AI As AI technologies like ChatGPT continue to evolve at breakneck speed, ethical concerns have emerged in parallel. MIT SMR’s David Kiron and collaborators emphasize that the fast pace of AI advancements is making it increasingly challenging to employ AI responsibly, placing immense pressure on Responsible AI (RAI) programs. Their article, based on original research conducted by MIT Sloan Management Review and Boston Consulting Group, features insights from a global executive survey and AI experts’ perspectives. AI for improved KPIs and strategic redefinition Business leaders are eagerly seeking practical guidance on how to leverage AI to enhance Key Performance Indicators (KPIs) and redesign job roles. Research reveals that organizations can apply AI to redefine strategic measurement and KPIs, offering an opportunity to revolutionize performance evaluation. MIT SMR’s Me, Myself, and AI podcast contributes to this must-read list with…

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Filed under: News - @ December 29, 2023 11:26 am