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AI-deploying organizations are key to addressing 'perfect storm' of AI risks
Caitlin Curtis1,2, Nicole Gillespie1,3, Steven Lockey1
1School of Business, The University of Queensland, Brisbane, QLD 4072 Australia.
A perfect storm of five factors increases societal risks from artificial intelligence (AI). Organizations must lead in developing trustworthy AI and mitigating risks, as regulation and public education alone are insufficient.
Area of Science:
- Computer Science
- Sociology
- Public Policy
Background:
- Artificial intelligence (AI) presents complex societal risks due to its powerful and often invisible nature.
- Low public AI literacy and rapid, scaled deployment exacerbate these risks.
- Existing regulatory frameworks and the gap between AI principles and practices are insufficient to ensure safety.
Purpose of the Study:
- To identify key conditions that heighten the risk of societal harm from AI.
- To propose a comprehensive strategy for mitigating AI-related risks.
- To emphasize the role of AI-deploying organizations in ensuring AI trustworthiness.
Main Methods:
- Analysis of five critical conditions contributing to AI risk: AI's nature, public awareness, deployment speed, regulation, and principle-practice gap.
- Review of current regulatory and educational approaches.
- Framework development for organizational accountability in AI deployment.
Main Results:
- Five conditions identified as a 'perfect storm' for AI-related societal harm.
- Current recommendations (regulation, literacy programs) are necessary but not sufficient.
- AI-deploying organizations are crucial for creating and implementing trustworthy AI.
Conclusions:
- Mitigating AI risks requires a multi-faceted approach beyond government regulation and public education.
- AI-deploying organizations must proactively ensure trustworthy AI development and deployment.
- Organizational accountability is paramount for managing AI's societal impact.
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