Risks and ethics of AI

Abstract

The purpose of this presentation is to shed light on what ethical governance must be, especially in comparison to risk management. To do so, the author will refer to the proposed AI regulation published by the European Commission in April 2021. It categorizes AI systems into those that create "unacceptable risk," "high risk," and "low or minimal risk," and proposes to impose different levels of legal regulation for each. The author will discuss what the proposed regulations consider to be risks, and how dealing with such risks relates to ethics, or where there is a difference. In conclusion, the author will argue that while risk analysis methods are based on predetermined evaluation criteria, ethics, in its essence, must include questioning and revising existing evaluation criteria. This implies that risk management and ethical governance must be complementary in methodology.