Artificial intelligence—including its many offspring, from machine learning models to AI agents—is much more than the latest wave of technology. It is a general-purpose capability that is poised to touch almost every sector, function, and role, with the power to reshape how companies compete, operate, and grow. With trillions of dollars potentially at play and implications that could be existential to companies, AI is closer to a reckoning than a trend. And that is why AI is a board-level priority. More than 88 percent of organizations report using AI in at least one business function1; however, board governance has not matched that pace. While interest in AI seems to have spiked after the introduction of ChatGPT, as of 2024, only 39 percent of Fortune 100 companies disclosed any form of board oversight of AI—whether through a committee, a director with AI expertise, or an ethics board.2
