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Classes of measurable AI risk: Integrity risk vs. Consequential Risk

  • Organizational risk, a concept often overlooked, focuses on the risk of harm to organizations rather than individuals.
  • Organizational risk has two facets - business integrity risk and consequential risk - that must be treated holistically by organizations.
  • Quantified risk measurements are crucial for stakeholders to make informed decisions and plan for potential harms related to AI systems.
  • Understanding and measuring different types of AI risks is essential for organizations to plan, allocate resources effectively, and ensure long-term success.

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