Technology

Third-Party AI Tools Pose Increasing Risks for Organizations, Says MIT Sloan

A new report by MIT Sloan Management Review and Boston Consulting Group has found that third-party AI tools pose increasing risks for organizations. The report, based on an executive survey of more than 1,240 respondents representing companies in 59 industries and 87 countries, revealed that 78% of organizations use third-party AI tools, and more than half use third-party tools exclusively. The report also found that more than half (55%) of all AI failures come from third-party tools. A particular concern is "shadow AI," where company leadership might not even know about all of the AI tools that are being used throughout their organizations. The report outlined five ways for organizations to mitigate the risks of third-party AI tools, including developing a responsible AI framework and conducting regular audits of AI tools1 2 3 4 5.

Here are the key bullet points:

A new report by MIT Sloan Management Review and Boston Consulting Group has found that third-party AI tools pose increasing risks for organizations1 2 3 4 5.
The report, based on an executive survey of more than 1,240 respondents representing companies in 59 industries and 87 countries, revealed that 78% of organizations use third-party AI tools, and more than half use third-party tools exclusively1.
The report also found that more than half (55%) of all AI failures come from third-party tools1.
A particular concern is "shadow AI," where company leadership might not even know about all of the AI tools that are being used throughout their organizations1.
The report outlined five ways for organizations to mitigate the risks of third-party AI tools, including developing a responsible AI framework and conducting regular audits of AI tools1 2 3 4 5.

The report by MIT Sloan Management Review and Boston Consulting Group highlights the potential risks associated with third-party AI tools and the need for organizations to develop responsible AI frameworks and conduct regular audits of AI tools to mitigate these risks.

Unmasking the Unusual Suspect: Home Depot's Encounter with an Organized Crime Ring

In a surprising turn of events, Home Depot, a renowned home improvement retail company, found itself in the midst of an organized crime ring. The company's encounter with this unusual suspect, Robert Dell, a man who ran a drug recovery program at The Rock Community Church and Transformation

Is Costco Clothing Good Value for Money? Exploring the Quality and Cost of the Retailer's Affordable Clothing Options

Costco is known for its low prices on everything from groceries to electronics, but is its clothing actually good value for money? A recent article by The Wall Street Journal explores this question1. Here are the key takeaways from the article: The Cost * Costco clothing is known for being cheap,

Intel to Spin Off Programmable Solutions Group as CEO Pursues Turnaround

Intel, the world's largest semiconductor chip maker, has announced plans to sell a stake in its Programmable Solutions Group (PSG) as part of CEO Pat Gelsinger's efforts to turn the company around12. Here are the key takeaways from the article: The Spin-Off * Intel intends to sell

The Most Important Tech Company You’ve Never Heard of Is a Major Reason Computers Keep Getting Faster

Applied Materials is a major player in the tech industry, but many people have never heard of it1. The company is a key reason why computers keep getting faster and more capable1. Applied Materials works with chip makers to develop the tools and technologies needed to create ever-smaller and more

Surface Laptop Studio 2 Review: A Sleek and Modern Device That Falls Short in Some Areas

Microsoft's Surface Laptop Studio 2 is a sleek and modern device that solves many of the problems of its predecessor, the Surface Book1. However, there are still some areas where the Surface Laptop Studio falls short. Pros * Sleek and modern design * No giant, gaping gap in the hinge

They trusted the Beverly Hills watch dealer. Then their luxury timepieces vanished: The Timepiece Gentleman consignment scam

Anthony Farrer, the founder of The Timepiece Gentleman, a luxury watch consignment company, is under fire for allegedly scamming his customers. Farrer built his empire on a simple consignment model where customers would bring their watches to his company, and Farrer would sell them12. The watches were flashy, diamond-studded Patek

Biden administration issues restrictions on gas furnaces in latest war on appliances

The Biden administration has announced its latest regulatory action targeting home appliances, this time targeting popular home gas-powered furnaces, according to a report by Fox News1. The Department of Energy (DOE) said the regulations would require furnaces to achieve an annual fuel utilization efficiency (AFUE) of 95% by 2029, meaning

China-linked hackers breach Microsoft, accessing 60K U.S. State Department emails

A group of hackers based in China has committed cyber espionage against the U.S., resulting in the theft of approximately 60,000 emails from the U.S. State Department, according to a report by Rebel News1. The breaches targeted Microsoft's email platform earlier this year, with all

Blue Origin and Sierra Space's Orbital Reef space station partnership in jeopardy

Blue Origin and Sierra Space are navigating a potential end to their partnership on the Orbital Reef space station project, according to sources who spoke to CNBC1. The companies announced Orbital Reef as a co-led project in 2021, but updates about the project dried up in the past year1. Shortly

OpenAI faces multiple lawsuits from authors over copyright infringement

A group of authors, including Sarah Silverman, have sued OpenAI for copyright infringement, accusing the company of copying their works to train an artificial intelligence system that will "replace the very writings it copied"1. The authors claim that OpenAI violated US law by copying their works without

NASA Finds Black Dust and Debris Inside Space Capsule Carrying Asteroid Samples

NASA scientists discovered black dust and debris on the avionics deck of the canister containing the first deep space asteroid sample captured in U.S. history1. The discovery was made after the aluminum lid was removed from the OSIRIS-REx mission’s canister, which completed its seven-year-long mission1. The dust is

Labor Unions Gain Power as Strikes Multiply and Workers Score Wins

The U.S. has lost seven million workdays to walkouts so far this year, the most in more than two decades2. Labor unions are exerting clout not seen in decades, winning big pay increases and better benefits in industries beset with worker shortages4. The strikes are working, and Americans are

Tesla Accused of Racial Harassment and Hostile Work Environment in California Factory

Tesla has been accused of subjecting Black employees at its California auto-assembly plant to racial harassment and a hostile work environment in a federal lawsuit filed on September 28, 20231. The lawsuit alleges that Tesla has tolerated racial harassment and discrimination against Black employees at its Fremont factory, including the