This podcast episode discusses the promise and risks of artificial intelligence (AI) in innovation. It highlights real-world examples of how AI has made advancements in various fields but also addresses the concerns and challenges associated with its use. The episode emphasizes the importance of interpretability, monitoring AIs, and addressing fundamental flaws in AI systems to prevent unintended consequences and potential harm. It points out the need for AI regulation and bias assessments to ensure fairness and ethical use. The episode also mentions the role of external auditors and the necessity of global cooperation in tackling the risks and complexities of AI. Overall, it explores the delicate balance between harnessing the power and potential of AI while ensuring responsible and beneficial development.