Final answer:
AI in medium size companies is leveraging technologies to improve efficiency and customer engagement, but also poses challenges like job displacement and ethical concerns. These companies can benefit from AI while also focusing on responsible implementation and corporate ethics.
Step-by-step explanation:
AI implementation in medium size companies is transforming operational efficiencies and customer experiences. Such companies are integrating AI technologies to streamline processes, from enhancing customer service with chatbots to optimizing supply chain management with predictive analysis. For instance, medium-sized firms in the manufacturing sector may utilize AI-powered robots, like those in Pirelli's innovative tire factory, to increase productivity while reducing costs. AI is also leveraged in energy production where high-efficiency turbines, favoring smaller output, align with the efficiency of larger plants, enabling competitive advantage for mid-sized businesses.
Despite the potential for job loss and ethical concerns, such as cybercrime, privacy infringement, and the loss of certain human skills, experts agree on the importance of responsible AI use. With AI's contribution to global GDP growth, medium-sized companies must navigate these challenges, ensuring their adoption of AI is beneficial both economically and socially, while adhering to emerging regulations and standards of corporate responsibility.