Developing and Using AI Require Close Monitoring of Risks and Regulations

In this article: 

• As AI systems become more complex, companies are increasingly exposed to reputational, financial and legal risks from developing and deploying AI systems that do not function as intended or that yield problematic outcomes.
• The risks of AI, and the legal and regulatory obligations, differ across industries, and depend on whether the company is the developer of an AI system or an entity that deploys it.
• Companies must also navigate a quickly evolving regulatory environment that does not always offer consistent approaches or guidance.