Managing the Risks of Generative AI: A Corporate Imperative

Around 70% of companies are investigating the integration of generative AI, according to a recent Gartner poll of 2,500 executives, and adoption rates are growing globally, as the Stanford AI Index Report highlights. Big IT businesses like Salesforce and Microsoft have integrated generative AI into their products and made their Large Language Models (LLMs) configurable. Despite this, there is a reluctance caused by worries about copyright, privacy, security, and other biases. To illustrate the dangers of data breaches, Apple and Samsung, for example, have prohibited the internal usage of ChatGPT following the submission of sensitive code.

The concerns associated with generative AI, range from the production of tailored spam to major environmental effects from the needs of enormous data centers. The abuse of technology for deepfakes, frauds, and false information presents significant ethical and security issues. Organizations must create safeguards and detecting capabilities to reduce these dangers. Verifying material and watermarking AI outputs are crucial steps toward openness and confidence. Limiting possible losses may be achieved by using a proactive risk management system that draws inspiration from ISO 23894 standards. Executives must emphasize ethical AI development to maximize its advantages while limiting hazards, as regulation about AI is lagging behind technical advancements.

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