What does it profit a man to gain the whole world and lose his soul? Spoiler alert: Nothing. This bible verse has endured over the centuries as a reminder that we can't put our price tag on what matters most. Yet, time and again, businesses have put profits above all -- leading our world to the brink of a climate catastrophe, an inequality crisis, and the greatest extinction of other creatures since the dinosaurs (except this time, the meteor is us). Can we align growing returns with the greater good? Former investment banker turned business ethicist Dr. Dawn Carpenter believes we can -- and that figuring out how just might save the world. In What Does It Profit, Dawn talks with the world's leading thinkers and researchers, entrepreneurs and executives, exploring the most innovative ways we can reconcile capitalism's demand for profit with the long term well-being of people and the planet. From socially responsible investing to conscious consumerism to business ethics in this age of extremes, Dawn is your guide to the cutting-edge ideas and experiments driving the purpose-driven business revolution. What Does It Profit?
http://www.whatdoesitprofitpodcast.com
episode 4: POTUS IRL: Public Trust and AI Priorities
In this unexpected mini-episode, Dr. Dawn pivots from our regular programming to reflect on President Biden’s sweeping executive order on AI. The executive order, passed on October 30, 2023, is the Biden Administration’s attempt to reconcile tech companies’ demand for profit and unchecked innovation while ensuring the public trust of Americans given the rapid rise of AI in just the past year.
To better understand the executive order, Dr. Dawn speaks to Ben Winters, the Electronic Privacy Information Center’s (EPIC) Senior Counsel, who also leads EPIC’s AI and Human Rights Project. Winters delves into the details of the executive order, ultimately reaching the conclusion that while the order is overall promising, its effectiveness depends on how well it will be enforced by individual government agencies.
Dr. Dawn then turns to former Congressman Jerry McNerney, who guided several congressional actions that brought to bear the rising importance of AI. With regard to Biden’s executive order, McNerney believes that the executive order’s emphasis on establishing standards on the use of AI will encourage good behavior in the tech industry. McNerney then discusses some of his work after leaving Congress, work which is primarily focused on understanding the challenges AI could pose in next year’s presidential election.
While the Biden Administration has begun to set precedents on AI regulation, the government alone cannot do all of this work. As you listen along to what this executive order means for the future, we encourage you to ask yourself: In the work we do, in the things we buy, in the investments we make, what does it profit?
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