The Financial Post reports in its Friday, Sept. 6, edition that artificial intelligence is revolutionizing business operations and decision-making. The Post's guest columnist Rosalind Stefanic writes that Rotman School of Management professor David Beatty advises directors to use Microsoft-backed OpenAi's ChatGPT 4.0 and invest time in understanding AI. Companies are exploring AI-driven opportunities and setting up separate incubators to experiment with AI while containing potential biases. Some boards are appointing more digital-savvy members to adapt to the changing landscape. About 66 per cent of organizations said at least one of their board members had experience in a technology leadership role, compared with 56 per cent in 2020, according to Deloitte s 2023 Global Technology Leadership Study. Vector Institute chief executive officer Tony Gaffney said boards successfully adopting AI are taking a critical look around the boardroom table and within leadership to ensure a basic level of AI literacy. Mr. Gaffney said, "You don't necessarily need technical experts because, at the end of the day, you want a group of strong directors with diverse experience and backgrounds."
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