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Whether to integrate generative artificial intelligence (GAI) into an organization has been top of mind in many corporate boardrooms. In today’s rapidly evolving business landscape, GAI technology adoption holds immense promise for driving innovation, enhancing productivity, and gaining a competitive edge. However, along with GAI’s opportunities, it also brings myriad risks and uncertainties.
From data breaches to algorithmic errors, GAI’s integration into business operations introduces unique challenges that require careful risk management and mitigation strategies. One crucial aspect of risk management is securing appropriate insurance coverage tailored to the specific risks of GAI adoption. This article will explore