Mike & Amit Talk Tech IMD

In March 2024, the European Union approved the world’s first set of major regulatory rules to govern artificial intelligence. The EU AI Act categorizes technologies by risk – low, medium, high, and "unacceptable." Those deemed the most dangerous can, in Europe, be shut down entirely.
It was a huge change in the tech world, but many may wonder why it was needed. Forms of AI have been used for decades, so aren't existing laws enough? And how does generative AI differ from traditional AI?  
Mike Wade says it comes down to power. Generative AI is worlds apart from its predecessors. The technology could cause disaster in the wrong hands, and, like nuclear energy, it needs regulation. But enforcement of AI rules is tricky. Amit Joshi thinks the explainability of AI, or lack thereof, poses a challenge to regulators. 
In this latest episode of Mike & Amit Talk Tech, the two IMD professors discuss these problems in the context of the shifting landscape of AI law.
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Michael Wade is a Professor of Innovation and Strategy and Director of the IMD Global Center for Digital Business Transformation. He also holds the Cisco Chair in Digital Business Transformation. An expert in digital transformation, he has published 10 books and more than 100 case studies, as well as articles on topics such as digital business transformation, innovation, strategy, and digital leadership.   Amit Joshi is a Professor of AI, Analytics, and Marketing Strategy. He specializes in helping organizations use artificial intelligence and develop their big data, analytics, and AI capabilities. An award-winning professor and researcher, he has extensive experience in AI and analytics-driven transformations in industries such as banking, fintech, retail, automotive, telecoms, and pharma. 
Find out more about IMD at imd.org

Mike & Amit talk about the future of Biotech, and how Artificial Intelligence may speed up healthcare and drug development.
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Michael Wade is a Professor of Innovation and Strategy and Director of the IMD Global Center for Digital Business Transformation. He also holds the Cisco Chair in Digital Business Transformation. An expert in digital transformation, he has published 10 books and more than 100 case studies, as well as articles on topics such as digital business transformation, innovation, strategy, and digital leadership.   Amit Joshi is a Professor of AI, Analytics, and Marketing Strategy. He specializes in helping organizations use artificial intelligence and develop their big data, analytics, and AI capabilities. An award-winning professor and researcher, he has extensive experience in AI and analytics-driven transformations in industries such as banking, fintech, retail, automotive, telecoms, and pharma. 
Find out more about IMD at imd.org

The 21st century has been dominated by video. At its start, camcorders allowed amateurs to make their own home movies, and by 2023, the likes of TikTok had become ubiquitous. Phones and social media platforms made shooting and editing child play.
But 2024 is seeing another change, one that may shake the very foundation of video itself.
Sora, from Open AI, is an Artificial Intelligence construct that can produce film with only a text prompt. Soon, being on the spot with a camera or a phone, may be totally unnecessary for those seeking to create photorealistic movies. Like ChatGPT before it, Sora may be about to change the world as we know it. 
In the latest episode of Mike & Amit Talk Tech, the IMD professors discuss the latest innovations presented by Open AI in 2024.
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Michael Wade is a Professor of Innovation and Strategy and Director of the IMD Global Center for Digital Business Transformation. He also holds the Cisco Chair in Digital Business Transformation. An expert in digital transformation, he has published 10 books and more than 100 case studies, as well as articles on topics such as digital business transformation, innovation, strategy, and digital leadership.   Amit Joshi is a Professor of AI, Analytics, and Marketing Strategy. He specializes in helping organizations use artificial intelligence and develop their big data, analytics, and AI capabilities. An award-winning professor and researcher, he has extensive experience in AI and analytics-driven transformations in industries such as banking, fintech, retail, automotive, telecoms, and pharma. 
Find out more about IMD at imd.or of vido

From deepfakes to AI assistants, the technology of tomorrow may help or hinder the world depending on whose hands it's in. In the final episode of 2023, Mike and Amit discuss what to expect in the coming year, and give their predictions over how to prepare.
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Michael Wade is a Professor of Innovation and Strategy and Director of the IMD Global Center for Digital Business Transformation. He also holds the Cisco Chair in Digital Business Transformation. An expert in digital transformation, he has published 10 books and more than 100 case studies, as well as articles on topics such as digital business transformation, innovation, strategy, and digital leadership.   Amit Joshi is a Professor of AI, Analytics, and Marketing Strategy. He specializes in helping organizations use artificial intelligence and develop their big data, analytics, and AI capabilities. An award-winning professor and researcher, he has extensive experience in AI and analytics-driven transformations in industries such as banking, fintech, retail, automotive, telecoms, and pharma. 
Find out more about IMD at imd.org

The world has become familiar with artificial intelligence that can answer questions, often in a convincingly human manner. But so far, the technology has been limited by some key constraints. The first is that humans are still required to come up with the initial inputs, or 'prompts', to start conversations or processes. A second is that the relationship is bi-directional, interactions generally happen between a single human and an AI program.
But that may soon change.
In the not-too-distant future Amit and Mike expect seismic shifts in how generative AI will operate. Rather than working as a sounding board for our ideas, AI may well adapt to originate them, and perhaps even move into management itself. Could 2024 bring the advent of AI-powered digital coaches, a boss AI, or even a MomGPT?
In the sixth and final episode of this IMD miniseries on Generative AI, Mike and Amit discuss the future of this fast-growing sector and the possible limits on technological progress.
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Michael Wade is Professor of Innovation and Strategy and Director of the IMD Global Center for Digital Business Transformation. He also holds the Cisco Chair in Digital Business Transformation. An expert in digital transformation, he has published 10 books and more than 100 case studies, as well as articles on topics such as digital business transformation, innovation, strategy, and digital leadership. Amit Joshi is Professor of AI, Analytics, and Marketing Strategy. He specializes in helping organizations use artificial intelligence and develop their big data, analytics, and AI capabilities. An award-winning professor and researcher, he has extensive experience in AI and analytics-driven transformations in industries such as banking, fintech, retail, automotive, telecoms, and pharma.  
 
Find out more about IMD at imd.org 

Since generative AI exploded into public consciousness, people and companies have been worrying about its ethics. But, says Amit Joshi, before considering rogue programs or the replacement of human thought, one must first consider the ABCs of AI ethics. 
  
Accuracy is the first big issue. How can one trust or disseminate the work of generative AI when it is so prone to hallucinating? 
  
Bias is a problem too. In a recent survey of image-generating AI models, when asked to produce a picture of a CEO, there was a 94% chance of a male image being produced. Requests for a “cashier” returned images of females 84% of the time. 
  
The big C here is copyright. Generative AI may seem to produce original content but how is one to know where the ideas truly originate? Might that magical marketing slogan produced by Chat GPT simply be lifted from another company? 
  
These problems are just the start. Mike Wade worries about the privacy of data, image recognition, and protection. Together, he and Amit discuss how big tech can mitigate these problems and whether a fair system can be achieved through regulation. 
  
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Michael Wade is Professor of Innovation and Strategy and Director of the IMD Global Center for Digital Business Transformation. He also holds the Cisco Chair in Digital Business Transformation. An expert in digital transformation, he has published 10 books and more than 100 case studies, as well as articles on topics such as digital business transformation, innovation, strategy, and digital leadership.   Amit Joshi is Professor of AI, Analytics, and Marketing Strategy. He specializes in helping organizations use artificial intelligence and develop their big data, analytics, and AI capabilities. An award-winning professor and researcher, he has extensive experience in AI and analytics-driven transformations in industries such as banking, fintech, retail, automotive, telecoms, and pharma.  
 
Find out more about IMD at imd.org