MIT AI Risk Repository · Risk Sub-Category · 58.05.05

Increased competition

Category: Financial and business

Description

"Increased competition - The inappropriate or unethical use of technology to gain market share."

From A Collaborative, Human-Centred Taxonomy of AI, Algorithmic, and Automation Harms (Abercrombie2024), as extracted by the MIT AI Risk Repository (CC BY 4.0).

Classification

Causal entity
Human

Subdomain definition: AI developers or state-like actors competing in an AI ‘race’ by rapidly developing, deploying, and applying AI systems to maximize strategic or economic advantage, increasing the risk they release unsafe and error-prone systems.

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Other entries from Abercrombie2024