We have heard about generative models making
- Biased predictions
- Chatbots hallucinating answers and misguiding customers
There is huge potential to Generative AI, but premature deployment and adoption of AI systems can eb a liability.
AI governance refers to:
- rules
- standards and processes
Set of guard rails to minimize risk in systems while maximizing benefits like reduced costs, improved 4efficiency, and automate repetitive tasks.
What are the risks?