The University of Maryland‘s Robert H. Smith School of Business has recently announced the launch of the Center for Artificial Intelligence in Business, with a focus on harnessing the potential of AI while prioritizing human judgment and creativity. This initiative aims to conduct research and outreach activities to explore the benefits of AI through deliberate design and governance frameworks.
Under the leadership of inaugural director Balaji Padmanabhan, the center will leverage the expertise of the university’s faculty in artificial intelligence, analytics, and data science. With support from industry and faculty advisory boards, as well as seed funding from GRF CPAs and advisers, the center is set to make significant strides in advancing AI research and applications.
The center’s mission will revolve around ethics, bias, and responsible AI use, helping businesses derive both short-term efficiencies and long-term strategic value. By developing AI algorithms to solve business challenges and ensuring compliance with ethical and legal guidelines, the center aims to drive innovation and growth in the business landscape.
The Smith School’s strategic emphasis on AI integration is already evident in its curriculum, where students are exposed to cutting-edge AI concepts and practices. By collaborating with industry partners, the school ensures that its educational content remains relevant and forward-thinking in the rapidly evolving field of AI.
Through its contributions to the newly established Artificial Intelligence Interdisciplinary Institute at Maryland (AIM), the Center for Artificial Intelligence in Business is poised to shape the future of AI applications in business environments, emphasizing the importance of ethical considerations, regulatory compliance, and value creation.
