Governance
Inadequate regulatory frameworks and oversight mechanisms that fail to keep pace with AI development, leading to ineffective governance and the inability to manage AI risks appropriately.
"Generative AI can create new risks as well as unintended consequences. Different entities such as corporations (Mäntymäki et al., 2022), universities, and governments (Taeihagh, 2021) are facing the challenge of creating and deploying AI governance. To ensure that generative AI functions in a way that benefits society, appropriate governance is crucial. However, AI governance is challenging to implement. First, machine learning systems have opaque algorithms and unpredictable outcomes, which can impede human controllability over AI behavior and create difficulties in assigning liability and accountability for AI defects. Second, data fragmentation and the lack of interoperability between systems challenge data governance within and across organizations (Taeihagh, 2021). Third, information asymmetries between technology giants and regulators create challenges to the legislation process, as the government lacks information resources for regulating AI (Taeihagh et al., 2021). For the same reasons, lawmakers are not able to design specific rules and duties for programmers (Kroll, 2015)."(p. 290)
Part of Regulations and policy challenges
Other risks from Nah et al. (2023) (17)
Technology concerns
7.3 Lack of capability or robustnessTechnology concerns > Hallucination
3.1 False or misleading informationTechnology concerns > Quality of training data
7.3 Lack of capability or robustnessTechnology concerns > Explainability
7.4 Lack of transparency or interpretabilityTechnology concerns > Authenticity
6.3 Economic and cultural devaluation of human effortTechnology concerns > Prompt engineering
7.4 Lack of transparency or interpretability