Podcast | Balancing Risk and Innovation: Building AI Centers of Excellence

“AI tools like Copilot and ChatGPT have democratised access to advanced technology, making it almost certain that everyone in any organisation is now engaging with AI, regardless of their industry or role. The challenge lies in harnessing the immense opportunities AI offers while mitigating its risks. An AI Center for Excellence can play a crucial role in uniting stakeholders to navigate this new landscape effectively.” – Bryan Throckmorton, Managing Director, Protiviti

In this episode of Protiviti’s Legal Perspectives podcast, podcast host Chad Volkert discusses with Protiviti experts Bryan Throckmorton and Joel Wuesthoff about the complexities of AI risk management and the relatively new development of corporate AI centers of excellence (COEs). The conversation delves into the need for organisations to balance the opportunities presented by AI with the associated risks, particularly in the context of evolving global and U.S. regulations and compliance challenges. Bryan and Joel share insights on how to effectively engage stakeholders, navigate the dynamic regulatory landscape, and implement best practices for AI initiatives. They also discuss the importance of international standards and the competitive landscape of AI innovation.