Securing the Future: Managing and Regulating AI Risk

400 Views05 Jun 2023 00:13

SUMMARY

Artificial Intelligence (AI) has made incredible progress in various industries, providing opportunities for business growth and innovation while introducing new risks.
AI risk encompasses categories such as cyber risk and operational risk, along with unique dimensions like ethical risk, bias risk, transparency risk, autonomy risk, and long-term existential risk.
While new AI regulations are still being discussed, managing AI risk requires a comprehensive approach, including defining risk, establishing tolerance, conducting assessments, implementing mitigation strategies, establishing governance, and monitoring processes.

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