Artificial Intelligence (AI), particularly Generative AI (GenAI) and Large Language Models (LLMs), is impacting our lives significantly. The focus on responsible and trustworthy AI, driven by regulations like the EU AI Act, is ever-increasing. It underlines the importance of embedding security and privacy within the AI lifecycle, considering its potential to alter lives profoundly.
Moreover, issues such as bias, fairness, ethics, and AI governance are at the forefront when discussing trustworthy AI systems. The EU AI Act emphasizes a fundamental rights impact assessment for high-risk AI systems, asserting that AI policies must account for their outputs and predictions.
This paper delves into the challenges posed by AI risks and the absence of robust AI governance. It proposes solutions using best practices, discusses the significance of AI risk assessment, and the implementation of guardrails to counter AI risks. Importantly, it explores transforming these threats into business opportunities.
Download and read our whitepaper to know more.