Asia School of Business (ASB) recently hosted the AI@Work Leadership Summit, which brought together business and government leaders, policymakers, educators, and industry experts to discuss AI and Robotics advances.
ASB Professor of Practice, Finance, and Analytics Ong Shien Jin said, “By combining the analytical power of AI with the expertise of educators, we can create a future where data-driven insights and personalized learning experiences are far more integrated, empowering both educators and learners to reach new heights.”
Another salient point being discussed was about investing in AI. Investing in AI can be very lucrative, but investors must be informed and monitor AI startups closely to maximize potential returns while managing risks effectively.
500 Global Managing Partner Khailee Ng reminded Summit participants that there are three principles investors should consider:
1/ Assessing the long-term trajectory of the AI company and how it is shaping up.
2/ Observing the level of hype surrounding AI technology.
3/ Having the AI company carve out a niche service or data offering.
“As with any transformative technology, ethical considerations are paramount. Responsible and beneficial use of AI and quantum computing should be prioritized,” said MIT Senior Associate Dean of Digital Learning Isaac Chuang.”
He added that quantum computing can enhance AI’s capabilities in areas such as pattern recognition, optimization, and simulation. AI, in turn, can assist in quantum machine learning and error correction.
The combination of these technologies can accelerate scientific discoveries, optimize supply chains, and improve decision-making processes. However, one must be on the lookout for errors; AI is not fool-proof.
According to MIT Director of the Computer Science and Artificial Intelligence Laboratory Daniela Rus, it is important to strike the right balance between innovation and ethical considerations, which will build trust and ensure responsible AI deployment. AI also creates new opportunities and paves the way for job transformation.
