AI Risk Management: An Approach to Manage Emergent AI Risks
AI Risk Management: An Approach to Manage Emergent AI Risks
4 PagesThis white paper from Letsbloom addresses emergent AI risks and how organizations can manage them in line with evolving regulations like the EU AI Act and US Executive Order. It identifies key risks including governance gaps, lack of transparency, explainability challenges, robustness under novel inputs, inclusivity issues, and interpretability concerns. The proposed framework extends enterprise risk management to AI by: strengthening cybersecurity controls, expanding data governance, and embedding AI risk into business processes. Organizations are urged to act proactively, as retrofitting controls post-deployment may be ineffective.
