In an era where AI's transformative potential oscillates between allure and ambiguity, I sit down with Alwin Magimay, a three-decade veteran in digital and data science and currently the Global Head of AI at PA Consulting. Known for his interdisciplinary acumen, Alwin serves as a strategic guide at the intersection of academia, business, and innovation. His vast experience provides a multilayered lens through which we examine the disruptive influence of AI on financial services, among other sectors. Key Insights from our conversation: The Boardroom's AI Agenda: Alwin's latest research unlocks the mysteries of AI for board members, setting the stage for what every C-suite executive should know. Learn why a company's "AI IQ" is as essential as its bottom line and why an "AI manifesto" might be the cornerstone of future business ethics. The Annual Report 2.0: Explore Alwin's provocative assertion that the next evolution of annual reports will mandate the explication of AI usage and ethical frameworks. Transparency isn't just a buzzword; it's becoming a regulatory imperative. Unveiling AI's Double-Edged Sword: From hacking to deepfakes, the conversation delves into the darker potentials of AI. The key takeaway? Trust and ethical considerations aren't secondary; they're foundational to AI's mainstream acceptance and utility. Bridging Ivory Towers and Marketplaces: Alwin argues for a tighter symbiosis between academic rigor and market pragmatism in AI applications. He shares his own criteria for evaluating the potential of AI startups, offering a roadmap for innovators and investors alike. The Multi-Industry Impact of Generative AI: Get a panoramic view of how AI technologies, including generative models, are revolutionizing industries as diverse as healthcare, transport, and retail. What opportunities do they offer, and what vulnerabilities do they expose? This episode is a must-listen for anyone tasked with navigating the AI labyrinth—whether you're a board member, a startup founder, or an academic. Alwin's insights offer not just a compass but also a detailed map, replete with pitfalls and treasures, for those journeying through the ever-changing landscape of artificial intelligence.