2 Sources
[1]
Why neglecting AI ethics is such risky business - and how to do AI right
Nearly 80 years ago, in July 1945, MH Hasham Premji founded Western India Vegetable Products Limited in Amalner, a town in the Jalgaon district of Maharashtra, India, located on the banks of the Bori River. The company began as a manufacturer of cooking oils. In the 1970s, the company pivoted to
[2]
The AI Power Play: How ChatGPT, Gemini, Claude, And Others Are Shaping The Future Of Artificial Intelligence
Artificial intelligence (AI) has seen rapid growth, transforming industries and daily life. From chatbots to advanced generative models, AI's capabilities continue to expand, driven by powerful companies investing heavily in research and development. "The development of AI is as fundamental as the
Share
Copy Link
An in-depth look at the current state of AI, focusing on ethical considerations, sustainability challenges, and the competitive landscape of leading AI models like ChatGPT and Google's Gemini.

The rapid growth of Artificial Intelligence (AI) is transforming industries and daily life, with tech giants and startups alike pushing the boundaries of what large language models (LLMs) can achieve. As Bill Gates noted, "The development of AI is as fundamental as the creation of the microprocessor, the personal computer, the Internet, and the mobile phone"
2
. This technological revolution, however, comes with significant ethical considerations and sustainability challenges that businesses must address.Kiran Minnasandram, VP and CTO of Wipro FullStride Cloud, emphasizes the importance of ethical AI in today's business landscape. He defines ethical AI as not only complying with the law but also aligning with core values around individuals, society, and the environment
1
. Minnasandram outlines four pillars of ethical AI:Many businesses struggle with implementing ethical AI due to a lack of common vocabulary and understanding across different organizational departments. Minnasandram suggests a three-step approach to address this challenge:
The adoption of AI has significant implications for corporate sustainability goals. On the positive side, AI can enhance operational efficiency, optimize resource management, and improve data collection for regulatory reporting. For instance, AI can help manufacturing or logistics companies optimize transportation routes, leading to reduced carbon emissions
1
.However, the rapid development and deployment of AI also present environmental challenges. Training large AI models demands significant computational power, resulting in increased energy consumption, carbon emissions, and substantial water usage for cooling data centers
1
.To strike a balance between AI innovation and environmental responsibility, enterprises should:
Wipro has been at the forefront of these efforts, working with clients to evaluate AI policies, engage stakeholders, and develop new principles around AI and the environment
1
.Related Stories
The AI market is dominated by powerful language models developed by tech giants and innovative startups. Some of the leading models include:
ChatGPT by OpenAI: Known for its versatility and conversational memory, ChatGPT offers a range of capabilities from casual conversation to technical problem-solving and coding assistance. It's available in free and paid tiers, with pricing based on token usage for API access
2
.Google's Gemini: Renowned for its multimodal capabilities and extensive context handling, Gemini is deeply integrated with Google's ecosystem, making it valuable for both personal and enterprise-level applications
2
.As AI continues to advance, global regulations are evolving to address ethical and sustainability concerns. Minnasandram notes that AI is subject to existing privacy, consumer protection, security, and human rights legislation. Data protection regulators play a crucial role in safeguarding individuals from potential AI-related harms
1
.In conclusion, as AI becomes increasingly integrated into business operations and daily life, companies must prioritize ethical considerations and sustainability. By doing so, they can harness the power of AI while mitigating risks and contributing to a more responsible technological future.
Summarized by
Navi
1
Technology

2
Policy and Regulation

3
Technology
