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AI-Related Risks Test the Limits of Organizational Risk Management
Many of our experts cited the speed of AI-related technological developments as testing the limits of organizational risk management frameworks. As Stanford CodeX fellow Riyanka Roy Choudhury contends, “The rapid expansion of AI, particularly generative AI, has exceeded the operational capabilities of most organizations, [resulting in deficient] AI risk mitigation strategies.” Land O’Lakes CTO Teddy Bekele notes that “the overall preparedness to tackle AI-related risks is insufficient, mainly due to the fast-paced advancements in AI that outstrip the development and implementation of effective risk management practices.” In addition to AI’s fast-evolving capabilities, its pace of adoption is also challenging organizations. As AfroLeadership’s Belona Sonna explains, “AI systems are among the fastest-growing applications in the world. The associated risks are therefore equally dynamic.”
