Business

Responsible AI: Three tools to help businesses

Artificial Intelligence (AI) is one of the most powerful tools developed in recent decades. And, as the saying goes, with great power comes great responsibility.

Machine learning & AI

White House sets policies for federal AI use

"Concrete safeguards" for government use of artificial intelligence were announced by the White House Thursday, as it vowed they would serve as a model for "global action."

Risk

Risk is a concept that denotes the precise probability of specific eventualities. Technically, the notion of risk is independent from the notion of value and, as such, eventualities may have both beneficial and adverse consequences. However, in general usage the convention is to focus only on potential negative impact to some characteristic of value that may arise from a future event.

RISK can be defined as “the threat or probability that an action or event will adversely or beneficially affect an organisation's ability to achieve its objectives”[1]. In simple terms risk is ‘Uncertainty of Outcome’, either from pursuing a future positive opportunity, or an existing negative threat in trying to achieve a current objective.

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