Use of alternative financial data via AI
Users anthropomorphizing, trusting, or relying on AI systems, leading to emotional or material dependence and inappropriate relationships with or expectations of AI systems. Trust can be exploited by malicious actors (e.g., to harvest personal information or enable manipulation), or result in harm from inappropriate use of AI in critical situations (e.g., medical emergency). Overreliance on AI systems can compromise autonomy and weaken social ties.
"Alternative financial data of a company is any data about the company not pro- duced by that company. Examples of such data that can benefit from improved collection and aggregation using AI models include stock discussions on social media, product reviews, and satellite imagery. The use of alternative financial data, enabled by the deployment of AI models, may introduce biases and generalization issues due to shorter shelf-life and vary- ing quality (e.g., shorter time series, smaller sample sizes, and dubious claims) due to its origins from various sources, posing financial tail risks (i.e., tail-end of a probability distribution), where the price of a company changes dramatically [4]."(p. 49)
Other risks from Gipiškis2024 (143)
Direct Harm Domains (content safety harms)
1.2 Exposure to toxic contentDirect Harm Domains (content safety harms) > Violence and extremism
1.2 Exposure to toxic contentDirect Harm Domains (content safety harms) > Hate and toxicity
1.2 Exposure to toxic contentDirect Harm Domains (content safety harms) > Sexual content
1.2 Exposure to toxic contentDirect Harm Domains (content safety harms) > Child harm
1.2 Exposure to toxic contentDirect Harm Domains (content safety harms) > Self-harm
1.2 Exposure to toxic content