“If ethical AI is not considered a business priority across every part of the business, the reputational risks could be significant.”
In this article Lara Williams makes observations on the slow speed, so far, at which companies are walking the walk (and not just talking the talk) when it comes to actually implementing ethical AI policies. Williams reviews important information regarding AI regulatory pressure that continues to mount, as well as other potential massive risks businesses face outside the scope of regulation.
Another concern is a lack of diversity in the field. A recent IBM survey found that “AI teams are still substantially less diverse than their organisations’ workforces: 5.5 times less inclusive of women, four times less inclusive of LGBTQ+ individuals and 1.7 times less racially inclusive.”