As a senior executive, you’re likely aware of the many strategic opportunities and threats posed by AI. According to IDC, spending on AI hardware and software is increasing at a CAGR of 24%. AI-driven projects will rapidly become a substantial percentage of any company’s investment in technology.
What you may not be aware of are the environmental impacts of AI. AI can contribute to your company's carbon footprint or if managed well, help reduce the impact your company has on the environment.
The issue of environmental sustainability is becoming a more critical issue to CEOs and boards as the finance world drives this change. Recently, BlackRock's CEO announced that his firm now has a core goal of investing with environmental sustainability in mind. Goldman Sachs has now made "sustainable finance" core to its business.
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