Corporate Reporting Insights: Generative Artificial Intelligence
Following the advances in Generative AI in late 2022 / early 2023 and consequent press coverage, boards had to decide whether the technology represented a principal risk or an opportunity that should be reported to the market. Our survey explores how the FTSE 100 approached this topic in their most recent annual reports and reported on risks, opportunities, policies and controls over AI and Generative AI. We also look at how 65 companies updated the descriptions of their principal risks in their more recent half-yearly reports – a prediction of the impact of the new technology as we head into 2024