Artificial Intelligence, such as Alexa, ChatGPT, etc. is here to stay. Yet, there are significant risks attendant to AI. After reading HPSP Case KE1143 Alexa: A Pandora's Box of Risks and and other materials, consider the risks, rewards and risk mitigants when using AI in the following hypothetical.

You serve as the Risk Management team for Strive Corp. Strive is a large corporation with 10,000+ employees and human resources department of 100 people worldwide. Strive designs and manufactures computer parts for automobiles. Management has concluded that a lot of time and expense can be saved with use of AI in the hiring and assessment of potential candidates, in the promotions and compensation of employees, and finally in providing responses to requests for confirmation of employment and references. They recognize it will free staff up for more substantive work and reduce the staff required.

The Strive CEO, Ina Goh, and Board of Directors also think that if AI works well for HR it may be usable in other management areas, e.g accounting, treasury, etc. Strive has already implemented robotics in its manufacturing processes.

Before going ahead with this project Ina Goh has asked you to develop the business case for use of AI in HR. The CEO notes to you that the risks as well as the benefits are also critical to the business case.

There should be an executive summary at the beginning and a conclusion at the end. Independent research regarding AI is required from you to make a persuasive and effective business case. This is not meant to be a narrative.