Adrian Cox, CEO of Beazley, emphasized the need for businesses to adopt a thoughtful approach to implementing artificial intelligence (AI) amidst the growing excitement surrounding its potential. In light of a recent report indicating that 80% of companies are planning AI integration, Cox warned against “AI-washing,” where businesses may overstate their AI capabilities. He urged organizations to focus on fundamental cybersecurity practices and cautioned that heightened AI usage could lead to significant cyber risks. Furthermore, he noted the potential for heightened regulatory scrutiny following several high-profile cases targeting exaggerated AI claims.
