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These companies emphasize “responsible” AI development, echoing the language of the prior era of corporatesocialresponsibility (CSR) efforts. Undergirding the effort to develop “responsible” or “safe” AI implies that AI is inevitable; that to create new technology, we need AI.
Well, as you acknowledge, the moment right around when Jack took over was a period of immense change in the American economy and the globaleconomy at large. Well, it’s the responsibility to shareholders in the sense of creating value for them. How do you see it tied to everything we’ve been talking about?
In the Business Roundtable’s Statement on the Purpose of the Corporation , these CEOs specifically recognized that corporations exist to benefit stakeholders such as customers, employees, suppliers, and host communities as much as shareholders.
He asserts that what was discussed in “The Republic” was, by these definitions, the megalothymia of ancient Greece’s aristocratic order and specifically a description of Plato’s idealized Guardians, who are brought up from childhood to be “ courageous, moderate, holy and free” [Book III, Sec.
And investing in them also sends a signal because you are, in effect, voting with your dollars in favor of more responsiblecorporate behavior and a more sustainable globaleconomy that works for more people. Sustainable investing resonates with older investors, not just Millennials!
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