Workday, Inc. WDAY co-CEO Carl Eschenbach delivered a significant message on the responsible use of AI. Speaking at the World Economic Forum in Davos, Switzerland, Eschenbach highlighted the company’s commitment to AI ethics.
Understanding Eschenbach’s Statement
On CNBC’s “Squawk Box,” Eschenbach acknowledged the potential for bias in AI models due to the training data used. Addressing a lawsuit filed in 2023, he outlined Workday’s work with global regulators to ensure the responsible implementation of AI.
Data Quality and Security
Eschenbach stressed the high-quality and security of the proprietary data used by Workday to train its AI model, emphasizing that the output of AI is as good as the data fed into it. He pointed out that Workday’s data is meticulously curated, derived from 65 million users on a common platform, forming the foundation for training its AI model.
Workday’s Whitepaper
Workday published a whitepaper titled “Empowering Innovation Through Responsible AI Governance,” setting out the company’s Responsible AI (RAI) policies. The whitepaper reflects Workday’s ethos as one of the world’s most ethical companies, committed to developing trustworthy and accountable AI.
Market Response
Workday shares closed 1.51% higher at $289.99 on Friday, indicative of positive market sentiment following Eschenbach’s remarks.