How can companies ensure ethical and responsible use of AI in maintaining their competitive edge in the business landscape?

Companies can ensure ethical and responsible use of AI by establishing clear guidelines and principles for AI development and deployment. They should prioritize transparency and accountability in their AI systems, ensuring that decisions made by AI are explainable and fair. Companies should also invest in ongoing training and education for employees on ethical AI practices. By prioritizing ethical considerations in their AI strategies, companies can build trust with customers and stakeholders, ultimately maintaining their competitive edge in the business landscape.