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Artificial Intelligence Risk Incident Database launches to keep legal, financial professionals smart about evolving AI Risk and regulations.

Artificial Intelligence Risk Incident Database launches to keep legal_ financial professionals smart about evolving AI Risk and regulations.

The AI Responsibility Lab PBC, an enterprise SaaS company specializing in Responsible Artificial Intelligence (AI) transformation automation, released their newest product today: “Mission Control – AI Insights”, a new module in their flagship Responsible AI transformation platform. AI Insights is the world’s most complete AI Risk Incident intelligence and research platform. It helps legal, financial, and research teams stay informed on the accelerating landscapes of AI Risk, alleged harm incidents, and emerging global regulations. AI Insights delivers a combination of intelligent automation and advanced filtering that helps teams save hours of discovery and research time each week. AI Insights is available to try for free for 30 days.

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AI development and adoption are accelerating and reshaping industry and society alike. And not without negative impacts: AI Risk and harms are emerging as fast as the tech itself is advancing.

What previously was macabre science fiction has quickly become our reality. For example, in early October 2022 a coroner in the United Kingdom included the Instagram recommendation algorithm as an official listed cause of death of a teenage girl.

Today, the use of AI can exacerbate existing racial and sexual biases. Systems that control critical decisions about our lives – like access to credit and employment – often behave capriciously or inexplicably. Algorithmic optimization has been accused of accelerating genocide. There’s a massive ecological impact of raw materials and energy that goes into building and training AI systems. AI fundamentally challenges our notions of privacy, the sanctity of our personal data, and our autonomy itself. And increasingly intelligent software and machines are reshaping the global labor landscape and hold the potential to massively displace human workers – despite boosting productivity.

The growing field of AI Ethics and Responsible AI works to understand, predict, and reduce the harm and risk created by AI systems. Teams that work in Responsible AI fuse research, ethics, technology, and business transformation to create the missing frameworks, expertise, and technologies that help companies reduce AI Risk and improve their ROI from this transformational technology.