May 16, 2024 - IBM Says We Need AI Rules Phaedra Boinodiris and LLC Basics Garrett & Ted Sutton

School for Startups Radio

Phaedra Boinodiris – IBM Consulting’s Global Leader

Phaedra Boinodiris is IBM Consulting’s global leader for Trustworthy AI. She is a prolific public speaker and author of the book ‘AI for the Rest of Us’. She is on the IBM Academy of Technology’s leadership council, a Fellow of the RSA, and serves on the advisory boards of several academic institutions. She is currently pursuing a PhD in AI and Ethics thanks to the European Union. She won the United Nations Woman of Influence in STEM and Inclusivity Award in 2019, received the Social Innovator Award by IBM in 2018, received the 2014 Kenan Flagler Young Alumni Award, became a Fellow of the American Democracy Institute in 2011, and in 2007 was recognized by Women in Games International as being one of the Top 100 Women in the Games industry. Generative artificial intelligence (AI) is fundamentally changing the way businesses operate. About 50% of CEOs say they’re already integrating generative AI into their products and services. Business leaders are excited about the potential of AI, yet they are still concerned about potential risks like AI hallucinations, bias, and data security issues. Additionally, they are closely monitoring the rapidly evolving regulatory landscape, calling on organizations to ensure their AI is utilized safely, transparently, and ethically. Businesses need to be confident that the AI they’re using for mission-critical decisions and outputs is trustworthy and reliable. Governing Large Language Models (LLMs) is complex, and organizations need to proactively detect and mitigate risk associated with AI to avoid reputational damage, audits, fines, and litigation. Consumers will be directly impacted by the decisions that businesses make in this moment. Phaedra discusses the key challenges she’s hearing from global businesses and governments regarding AI governance and ethics. She can also discuss practical ways organizations can set up guardrails around generative AI to mitigate risks and ensure AI solutions integrate diverse human perspectives and experiences.
Garrett Sutton and Ted Sutton – Attorneys at Corporate Direct and Experts on the Corporate Transparency Act

The Corporate Transparency Act requires that every corporation, LLC,
limited partnership in the country provide sensitive information to the
federal government. They want to know all of the 25% or greater owners
and who has substantial control of the entity. This is all done in the name
of fighting money laundering and terrorism. As the Wall Street Journal
said in an editorial, “Are the bad guys really going to report?” 32,000,000
American businesses now have to comply.

Garrett Sutton has sold more than a million books to guide entrepreneurs and investors. His best sellers include Start Your Own Corporation, Loopholes of Real Estate, and Veil Not Fail. For more than 30 years, he has run his practice assisting entrepreneurs and real estate investors in protecting their assets. The companies he founded, Corporate Direct and Sutton Law Center, currently help more than 14,000 clients protect their assets and maintain their entities, especially under the new Corporate Transparency Act. Garrett also serves as a member of the elite group of “Rich Dad Advisors” for best selling author Robert Kiyosaki. A number of the books Garrett Sutton has authored are part of the best selling Rich Dad, Poor Dad wealth-building book series. Garrett is also the President of Sunn Stream, a new streaming platform focusing on kid’s financial education and adult professional development. Garrett lives in Reno, Nevada has been recognized as a Lifetime Achievement Member by America’s Top 100 Attorneys.
Ted Sutton is a licensed attorney who is the son of Garrett Sutton. Ted was born and raised in Reno, NV. He graduated from the University of Utah with a B.S. in Mining Engineering. During one of his summers, he spent three months working at a mine in Chile. This experience made him realize that legal matters interested him more than engineering ones. After graduating in 2018, he decided to attend law school the following year. Ted attended the University of Wyoming College of Law. In his third year, he served as the Student Director of the Business Entrepreneurship Practicum, where he helped clients form and maintain LLCs. He graduated in May 2022. Ted is now licensed to practice law in Wyoming and Nevada. Ted has been focused on making sure Corporate Direct’s clients properly
file under the Corporate Transparency Act. Ted is also the author of “Five Tricks To Teach Your Kids About