OVER THE PAST TWO YEARS, AI has had a transformational effect on the business landscape. The technology's potential to increase creative output, enhance worker productivity, and eliminate jobs has been debated ad nauseam. But one aspect of AI's proliferation has flown under the radar, or at least not gotten the attention it deserves: how it will affect social impact. At Fast Company's annual Impact Council meeting, which took place on June 3 at the New York Stock Exchange, we brought together a collection of top business leaders from within the Impact Council and elsewhere to explore whether this transformative wave of technology can unlock creative solutions and help mission-driven companies achieve their goals beyond the bottom line. How can it be used to build a diverse workforce and an equitable workplace? How can AI enhance productivity in a way that makes work not just more efficient but also safer? How can it be harnessed in a way that's consistent with a company's values? This experienced group came at these questions from various perspectives - but with a consistent focus on practical solutions. Here are some of their insights.<img src="https://cdn.magzter.com/1363194279/1725872468/articles/DCZXNvsO91725882880145/2762788668.jpg" alt="image">NAVRINA SINGH FOUNDER AND CEO, CREDO AI"WE REALLY NEED A MULTI-STAKEHOLDER OVERSIGHT MECHANISM FOR ARTIFICIAL INTELLIGENCE. WHAT WE ARE SEEING IS IF YOU JUST PUT IN AI EXPERTS AS THE STAKEHOLDERS OF MANAGING OVERSIGHT, THEY ARE GOING TO BE FAR REMOVED FROM THE BUSINESS OUTCOMES, SUCH AS REPUTATIONAL DAMAGE OR REGULATORY RISK."<img src="https://cdn.magzter.com/1363194279/1725872468/articles/DCZXNvsO91725882880145/4478827188.jpg" alt="image">AMY WEBB FOUNDER AND CEO, FUTURE TODAY INSTITUTE"AI'S ENERGY DEMANDS POSE A PARADOX, OFFERING CLIMATE SOLUTIONS BUT ALSO CONTRIBUTING TO CARBON EMISSIONS, A CONCERN IN ENERGY-CONSTRAINED AREAS. THE UNEQUAL DISTRIBUTION OF AI ADVANCEMENTS RISKS DEEPENING GLOBAL INEQUALITIES, WITH THE GLOBAL SOUTH FACING SIGNIFICANT DISADVANTAGES."<a target="_blank" rel="noopener noreferrer nofollow" style="color: #3399cc; text-decoration: none; font-weight: bold; text-align:center;align-items:center;display:block;" href="https://www.magzter.​com/share/mag/2854/1826567/66">Click here to read the full story</a>

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Girish Ramdas is the Co-founder and CEO of Magzter, a New York based startup that has been making waves in the global digital publishing business. Magzter has crossed 80 million users since its inception in 2011 from more than 150+ countries with 1000s of magazines, newspapers and books from more than 4,500 publishers worldwide. He has more than 25 years of experience in cross-platform publishing, including print, mobile, and Web development. During this period, he has co-founded and run three successful start-up businesses. He has enabled magazine companies to go digital and helps them monetize their content across the digital world. Girish's deep industry experience in online, mobile and publishing ecosystems has made him an expert in acquisition, marketing and monetizing digital content across platforms globally.

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is the World's largest and fastest growing self-service, cross-platform digital newsstand with over 88 million users since its inception in 2011 and thousands of magazines and newspapers across 40+ categories and 60+ languages. Headquartered in New York, Magzter has its local presence in Amsterdam, London, Mexico City, Chennai, Mumbai, New Delhi, Bengaluru, Singapore, and will soon be expanding to other countries. Founded by global entrepreneurs, Girish Ramdas and Vijay Radhakrishnan in June 2011, Magzter enables magazine and newspaper publishers around the world to create and deliver digital editions of their titles to global consumers.

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{{magzter}} is the World's largest and fastest growing self-service, cross-platform digital newsstand with over 88 million users since its inception in 2011 and thousands of magazines and newspapers across 40+ categories and 60+ languages. Headquartered in New York, Magzter has its local presence in Amsterdam, London, Mexico City, Chennai, Mumbai, New Delhi, Bengaluru, Singapore, and will soon be expanding to other countries. Founded by global entrepreneurs, Girish Ramdas and Vijay Radhakrishnan in June 2011, Magzter enables magazine and newspaper publishers around the world to create and deliver digital editions of their titles to global consumers.