MIT AI Risk Repository · Risk Sub-Category · 19.03.04

Financial feasibility and high investment costs for AI technology to remain competitive

Category: Economic AI Risks

Description

From Governance of artificial intelligence: A risk and guideline-based integrative framework (Wirtz2022), as extracted by the MIT AI Risk Repository (CC BY 4.0).

Classification

Causal entity
Human
Intent
Other

Subdomain definition: AI-driven concentration of power and resources within certain entities or groups, especially those with access to or ownership of powerful AI systems, leading to inequitable distribution of benefits and increased societal inequality.

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Other entries from Wirtz2022