The excitement and expanding use of chat GBT has ignited a race among AI labs to develop and deploy even more powerful tools. As this is happening, many stakeholders such as government regulators, business leaders are now scrambling to understand the impact the rapid emergence of new AI tools will have on consumers, businesses, society, and global economies. Regulators are considering new rules and guidelines for AI, while even some leaders in the tech community are calling for a time out to better understand their applications of generative AI. In this podcast, we will explore the implications of these new AI tools and the challenges and opportunities they present for business and others in society.