Source: Zhitong Finance.
According to Arize AI's research platform on annual financial reports, more than half of the Fortune Global 500 companies list artificial intelligence as a potential risk factor for their business.
56% of large US companies see artificial intelligence as a potential risk, compared to only 10% in 2022.
In contrast, among the 108 companies mentioned generating artificial intelligence in their annual reports, only 31% mentioned its benefits or uses outside the risk factor section.
Since 2022, the number of Fortune Global 500 companies listing artificial intelligence as a risk factor in their annual reports has increased by 473.5%.
From the disclosure of artificial intelligence risks across industries, 91.7% of advertising, media and entertainment companies consider it a risk to their business.
Media giant$Disney (DIS.US)$Warning: "Rules governing the development of new technologies, such as the development of generative artificial intelligence, still have uncertainties that could impact various aspects of our existing business models, including revenue streams from using our intellectual property and how we create entertainment products."
86.4% of software and technology companies view AI as a risk. Cloud and enterprise software companies state that "the creation of generative AI content will require additional investment in licensing or developing proprietary datasets, machine learning models, and systems to test for accuracy, bias, and other variables, which are often complex, costly, and have the potential to impact our profit margins."$Salesforce (CRM.US)$70% of telecom companies see AI as a risk factor. Telecom giant warns that "generative AI models may produce incorrect outputs or take incorrect actions, disclose private or confidential information, reflect biases contained in training data, infringe on the intellectual property rights of others, or otherwise be harmful."
"Management rules for the development of new technologies, such as generative artificial intelligence development, still have uncertainties that could impact various aspects of our existing business models, including revenue streams from using our intellectual property and how we create entertainment products."$AT&T (T.US)$Telecom giant warns that "generative AI models may produce incorrect outputs or take incorrect actions, disclose private or confidential information, reflect biases contained in training data, infringe on the intellectual property rights of others, or otherwise be harmful."
The report shows that the impact of generative artificial intelligence is being felt across a wide range of industries, even those that have not yet adopted the technology.
Arize AI notes that with most mentions of artificial intelligence as a risk factor, companies have a real opportunity to stand out by highlighting their innovation and providing context on how they are using generative artificial intelligence.
Editor / jayden