Balancing AI: Urgent Need for Unified Policies to Mitigate Risks and Harness Benefits
August 9, 2024
Artificial Intelligence (AI) is rapidly evolving, presenting both significant opportunities and numerous risks.
However, unregulated AI use poses significant risks, including privacy breaches and copyright infringements.
The rapid development of AI technologies raises concerns about discrimination, privacy violations, and safety.
Effective AI governance requires contributions from a diverse range of stakeholders, including policymakers, technologists, and ethicists.
Collaboration among AI developers, policymakers, and civil society is essential to avoid fragmented efforts and disjointed policies.
The governance of AI must address its dual-use properties to prevent misuse and ensure responsible deployment.
A clear AI policy builds trust among customers and stakeholders by demonstrating a commitment to ethical AI use.
Such a policy empowers employees to use AI confidently while adhering to ethical boundaries.
AI can enhance energy efficiency through smart grids that optimize electricity generation and consumption.
Control and optimization strategies for power grids are essential for operational stability, including advanced methodologies for voltage control.
In India, the Coalition for Responsible Evolution on AI (CoRE-AI) was established to create a knowledge repository for responsible AI practices.
As automation increases, upskilling employees to effectively use AI becomes increasingly important.
Summary based on 16 sources
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Sources

Forbes • Aug 8, 2024
20 Top Challenges For Tech Leaders (And How They’re Tackling Them)
Forbes • Aug 9, 2024
How To Develop An Effective AI Policy
Forbes • Aug 6, 2024
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