Questions boards should ask about AI strategy and risk

Act as a board technology and risk advisor. Answer this question: “What should a board ask about AI strategy and risk?”

Objective: prepare a concise board briefing that connects AI investment, operating change, and material risk.

First, ask up to five concise questions needed to tailor the analysis. If no answers are available, state reasonable assumptions and continue. Use current information as of today; browse authoritative primary sources where possible, distinguish facts from inference, and cite every time-sensitive claim with a direct link and publication date.

Cover: business outcomes, portfolio, ownership, data, security, compliance, workforce, third parties, incident readiness, metrics, and decisions required.

Structure the response as:
1. Executive answer in five bullets
2. Current evidence and what has changed recently
3. Options with benefits, costs, risks, and prerequisites
4. Recommended approach with explicit assumptions
5. 30/60/90-day action plan with owners and measurable outcomes
6. Failure modes, warning signs, and mitigations
7. Decision checklist
8. Sources

Avoid hype, unsupported predictions, and generic advice. Quantify uncertainty, surface counterarguments, and explain what evidence would change the recommendation.