Artificial Intelligence has amplified companies’ technological ability to enhance operations and customer experience. However, AI can prove hazardous as it can be used to influence people’s rights, impact the economy and even create warlike situations. To prevent such situations, enterprises should follow a set of values, principles, and techniques to guide the moral conduct of AI technologies, which are known as AI ethics. In his article for ‘Information Age,’ Nick Ismail shares the rise of AI ethics in modern business.
Jonathan Kewley, partner, and co-head at Clifford Chance Tech Group shares that there are times when AI algorithms reject qualified candidates based on their religion, ethnicity, education, or geographical location. The situation is similar with Uber drivers in the UK and Netherlands, who claim that Uber’s AI fired them or lessened their ratings unjustly. To overcome this, AI algorithms should access the right datasets that represent people collectively.
Ismail mentions that there is an imperceptible cloak monitoring the development and application of AI. Consequently, the EU has set up its AI legislative proposal, which according to Jonathan Kewley, is the most radical legal framework in 20 years and a required safety standard for a better future of AI.
Most businesses are supposed to deal with accounting standards and financial audits, where the whole team is built upon these methodologies. Using ethical AI provides an understanding of the technical, financial, and company-related progressions. In the future companies may deploy a team of personnel to monitor all AI advancements.
Click on the link to read the full article: The dawn of AI ethics — from equal representation to AI legislation (information-age.com)