AI has the potential to automate processes, enhance decision-making, and introduce efficiencies across various sectors. However, it also brings new risks and amplifies existing ones, such as discrimination, IP infringement, and cyber business interruption. Understanding, mitigating and managing these risks is crucial for safe and responsible AI adoption – but how do you do that?

On this edition of The Fuse Podcast by A&O Shearman, we are joined by:

• Dr Michael Berger, the head of Munich Re's Insure AI team, which focuses on structuring insurance solutions for AI risks, including the risk of incorrect predictions and discrimination.
• Mark Titmarsh, the CPO and co-founder of Testudo, one of Fuse’s cohort companies. Testudo is creating new AI insurance products to enable institutions to adopt AI safely and responsibly.

In our conversation, we delve into the intricacies of AI, exploring both its potential and limitations, as well as key considerations from a legal and regulatory perspective. We discuss how different industries can use or plan to use AI in their operations in a safe way, the role of insurance in mitigating AI-related risks, and the key trends and predictions for the coming year in the AI sector.

This is a rich dialogue on the current state and future potential of AI, offering valuable perspectives for anyone interested in the evolving landscape of artificial intelligence.

You can listen to their fascinating conversation about AI here, and read the transcript below.