Last year, I interviewed Kai-Fu Lee, the former head of Google China and the author of AI Superpowers: China, Silicon Valley and the New World Order, and since then I’ve been thinking about what role directors should play when it comes to the ethics behind adopting innovation.
Lee offered advice for boards on questions to ask when implementing artificial technology to bolster business, but when it came to the discussion of artificial intelligence (AI) ethics, he wasn’t sure if it was the best topic for boards to discuss.
If board members start talking about ethical questions, he said, things could become “very abstract. We’ve seen so many people fall into the trap of thinking they understand AI.”
The topic of ethics, he noted, should be left to the compliance folks who can provide boards with high-level summaries, adding that “the executing teams should be held responsible” so innovations like AI “don’t cause ethical issues, security problems and lawsuits.”
But who better than the board to take a 10,000-foot view of the wide-ranging impact of AI and automation in general?
I spent many years covering the auto industry as a reporter and I don’t recall a lot of talk from the executing team behind factory automation about the community impact of losing thousands of jobs.
I got to see that impact first hand: An assembly line worker with more than 20 years in, crying at his kitchen table during an interview because he was going to have uproot his family from Delaware to a plant in the Midwest, a plant that also eventually closed. That was just a shadow of the devastation after the plant’s closure.
Clearly, the ethical issues behind AI and other advances today are more than just what will happen if robots replace humans. The questions have to do with everything from how consumers’ personal information is used to imbedded bias in big data.
But do you really need to be a tech whiz to consider the ramifications of these fast-moving innovations on the workforce, community, etc.?
In this issue we address the concerns around job displacement that are expected to result from tech advances and the role of boards in stemming some of the societal fallout. We also look at the ethics of AI and the discussions that are just starting to unfold in the boardroom.
We’re adding the important topic of the ethics of technology to our ongoing coverage this year of the “Character of the Corporation,” which is the very essence of a company’s approach to making money and how that impacts society.
To that end, our cover story is an interview with influential corporate law judge Leo Strine. He spent a good amount of time with the Directors & Boards team discussing his take on the shareholder-versus-stakeholder debate, and how far boards can, and should, go when it comes to considering how bottom-line success impacts society.
I’d love to hear from you about this important topic. You can contact me at firstname.lastname@example.org.