AI is no longer a thing of sci-fi movies; it has become a tangible reality, intertwined with our day-to-day operations, especially in the business world. Companies worldwide are turning to AI to improve operational efficiency, drive innovation, and gain a competitive edge. But as AI's penetration deepens, it's time to view it from a leadership perspective with an open discussion on emerging ethical norms.

AI is revolutionizing leadership roles by augmenting human capabilities. Leaders are leveraging AI's data-driven insights to make informed decisions, thus reaping a competitive advantage. The ability of AI to handle repetitive tasks frees up leaders to foster a culture of innovation and creativity.

The inclusion of AI in the workplace also poses a unique challenge to leadership - fostering an inclusive workplace culture. Leaders must ensure AI integration doesn’t lead to exclusion or bias, both consciously and unconsciously.

Emotional intelligence, an under-explored aspect, becomes crucial in an AI-dominated ecosystem. AI lacks empathy and emotional understanding, making emotional intelligence a desired leadership trait. Leaders must ensure a harmonious balance between AI capabilities and human emotions to create an environment potent for growth.

In the age of AI, ethical leadership takes center stage. Leaders should ensure AI-driven decisions align with organizational values, human well-being, and societal norms. This becomes increasingly important in maintaining trust and goodwill in a world where the boundaries between the human and machine are blurring.

The ripple effect of AI is visible across industries, each dealing with its unique set of transformation.

A world driven by AI and hyper-automation presents a mixed bag of opportunities and challenges. On the one hand, AI promises operational efficiency and productivity. On the other, it threatens job security and raises questions about economic inequality. Leaders must navigate this complex landscape, balancing the economic benefits of AI with social responsibility.

The integration of ethics into AI systems is no longer an option but a necessity. Accountability, transparency, and adherence to ethical standards are key to achieving ethical and trustworthy AI in the business landscape. Ethical AI in business holds the potential to offer innovative solutions while addressing a wide range of challenges.

Moreover, the AI ethics discourse needs a shift from dominant Global North or Euro-American perspectives to include diverse socio-cultural and socio-economic contexts. There’s an urgent call for increased representation and consideration of underrepresented groups in shaping AI ethics policies and standards.

As AI continues to redefine our world, it's important that leaders understand its potential and limitations. The leaders of tomorrow need to embrace AI, understand its capabilities, and foster an atmosphere where everyone benefits. A collaborative and responsible approach towards AI can create a future where businesses thrive, and societies prosper.

Leadership, innovation, and ethical norms form the very fabric of AI's revolution in the current business paradigm. It is not just the future; it is here, in the very present, reshaping our lives and how we do business. The key is to weave it into our systems responsibly, ensuring sustainability and inclusivity.