MIT AI Risk Repository · Risk Category · 19.06.00

Legal AI Risks

Description

"Legal and regulatory risks comprise in particular the unclear definition of responsibilities and accountability in case of AI failures and autonomous decisions with negative impacts (Reed, 2018; Scherer, 2016). Another great risk in this context refers to overlooking the scope of AI governance and missing out on important governance aspects, resulting in negative consequences (Gasser & Almeida, 2017; Thierer et al., 2017)."

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
Other
Timing
Other

Subdomain definition: Inadequate regulatory frameworks and oversight mechanisms failing to keep pace with AI development, leading to ineffective governance and the inability to manage AI risks appropriately.

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Other entries from Wirtz2022