Speaker bio: Lily Cheng's expertise lies at the intersection of corporate strategy, governance and advanced technologies, including artificial intelligence for publicly-traded companies. She serves own the board of companies in aviation, travel, luxury retail, professional services and data centres. Her role as an independent non-executive director spans over businesses that trade over US$20 Billion of annual revenue in aggregate. Lily holds a Bachelor of Arts degree in Engineering, a Master of Engineering degree with distinction from the University of Cambridge and holds a graduate certificate in Artificial Intelligence from Stanford University.
Video summary:
00:00:00 - Why AI is coming higher up the agenda for senior executives of corporates
00:01:30 - AI opportunities and risks grouped into four buckets
00:02:30 - Example of the four buckets in a law firm
00:05:03 - Example of a hotel booking website
00:06:27 - Challenges and risks
00:08:05 - Embedded Bias / Values (Bloomberg research with Stable Diffusion)
00:10:02 - Jagged Frontier (BCG & Harvard study)
00:11:18 - Environmental factors
00:12:10 - Threat to jobs