Category: Artificial Intelligence

The adoption of artificial intelligence (AI) presents both unparalleled opportunities and significant risks. Rehgan Avon, co-founder and CEO of AlignAI, provided a comprehensive overview of the challenges companies face when integrating AI solutions, including costs, security vulnerabilities, ethical considerations, reputational risks and regulatory requirements, in a recent Risk Series event. Here are some key takeaways from her presentation:

What does the future of AI look like? No one knows. Insights and information from The Risk Institute shows just how difficult it is to regulate such powerful tools — and how some countries and organizations are trying.

In the absence of legal guidelines, companies need to establish internal processes for responsible use of AI.

A wise uncle once said to his nephew in a movie, “with great power comes great responsibility.” This adage has never been more true as it pertains to the emergence and popularity of AI. However, organizations are starting to reflect on and question who ultimately bears this responsibility from an enterprise risk management perspective.