Businesses must therefore take AI strategy and policies into their own hands, and not expect harmonised global regulatory frameworks in the context of a multipolar world, says KPMG.
The gaps in governance when dealing with artificial intelligence (AI) is a key risk for business growth in 2024 and beyond, finds KPMG in its top risks forecast report for 2024.
Governance surveillance mechanisms have not been able to keep pace with AI innovations, which has surged in investments and adoption in the last 10 years, giving rise to more cybersecurity threats and reputational risks, according to the report.
