The rapid rise of artificial intelligence (AI), and the recent development of generative AI (GenAI) in particular, have created excitement and concern in equal measure. The many risks associated with AI highlight the need for a solid governance ecosystem, including governance at a legal, regulatory, and company level. We explore how AI governance is shaping up to address the key risks and challenges linked with the technology.
What are the challenges?
While AI’s potential for doing good is virtually limitless, so is the potential for harm — intended or otherwise. The highly disruptive nature of the technology requires a solid, human-led governance ecosystem and regulations that ensure it can be deployed in a beneficial and responsible manner. The rapid rise of GenAI, in particular, highlights the urgent need for robust frameworks. Broad adoption of GenAI and concerns regarding its use may intensify efforts to address issues surrounding digital governance and accelerate the development of risk management strategies.
As AI becomes increasingly autonomous and evolves into a general-purpose technology, issues of control, safety, and accountability come into the limelight….
