Key takeaways:
- Not all AI applications carry significant risks.
- Rights-based AI regulatory regimes can lead to a misallocation of resources because compliance requires too much effort on low-risk AI (e.g., spam filters, inventory management, etc.) and not enough effort on high-risk AI.
- Regulators should view AI risk in the same way that companies view employee risk, and adopt regulatory frameworks for AI that are risk based.
- In this Debevoise Data Blog Post, we discuss how companies mitigate employee risk and how the same approaches are effective to address AI risks. Continue reading more here. .
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