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Artificial intelligence took the world — and news headlines — by storm in 2023. As tech companies and hardware developers pivot harder into the rising popularity of AI, what will this all mean for AI regulation to come in 2024, especially in cases such as the New York Times' (NYT) copyright lawsuit against Microsoft (MSFT) and OpenAI?
Appian (APPN) CEO Matt Calkins comments on the shift in corporate discourse surrounding AI expected to come in 2024, while addressing certain fears still lingering around artificial intelligence.
"AI didn't take our job in 2023, it's not going to take it in 2024 either. It's going to make us stronger at doing our work, it's going to empower us to do more," Calkins tells Yahoo Finance. "AI is going to be a tool that we can use to... be faster, to be better at synthesis, to be more effective and faster and understand our data better than we understood it in the past."
Click here to watch the full interview on the Yahoo Finance YouTube page or you can watch this full episode of Yahoo Finance Live here.
This post was written by Luke Carberry Mogan.
Video Transcript
DIANE KING HALL: How do you balance the concerns about privacy and protections and kind of data protection with innovation?
MATT CALKINS: You're right.
You're right.
There would be a little bit of a brake on innovation if we precluded AI from using copyrighted information.
They would have to go out and compensate the copyright owners for use of that information.
And in some cases, they might not choose to do so.
But I believe that that's fair.
I believe that if you create something, you have a right to the thing you created.
And so we should respect the authors, the artists, the musicians, the creators, even if it does slow down the progress of AI just a little bit.
By the way, Baidu and others are going to face a different kind of a brake.
In China, AI is regulated based on what the output can be, right?
Kind of the opposite of the way that I would prefer to regulate it.
But there's going to be some different regulation zones.
And every AI innovator is going to face hurdles.
They just won't be the same ones.
RACHELLE AKUFFO: And so then obviously, AI has been all the talk so far this year.
As we head into 2024, and sort of a lot of investors are going to be wanting to see for all this AI talk that came up in earnings calls, where are the use cases?
Where do we actually see these companies using this?
How much is that going to dominate the conversation in 2024?
MATT CALKINS: How that is the conversation 2024.
In 2023, you could be a leader in AI just by talking a good game.