What's the top-of-mind security concern among BoDs these days?

‘AI’ Business Model – With many components flowing into the AI domain (cost, data, E&C, people, value, strategy, duplication of everything, etc.), I’ve started to think about splitting out ‘AI’ from the operating model and putting it into a separate legal entity. This way, I could manage a) risk and compliance, b) cost, c) resource allocation, d) governance, e) IP, f) revenue generation, etc.

Of course, this isn’t new in general, but I’m especially interested in how this approach could help with the ongoing challenge of ensuring compliance with data privacy and regulations related to LLMs and data access/usage over time.

My question: Is anyone else thinking about this, or has anyone already done it? I know there are examples in the literature, but I wanted to float this here for general comments and discussion.