Machine Learning And Associated Risks

By Carson Taylor In recent years, the field of machine learning (ML) and artificial intelligence (AI) has not only captured the imagination of the public but has also become a cornerstone of modern technology. From powering search engines and recommendation systems to managing financial risk and transforming healthcare, AI is omnipresent. However, with great potential for reward comes great risk of peril, and there are significant risks and challenges associated with the development and implementation of these technologies. Distinguishing AI from ML Understanding the distinction between AI and ML is important when considering the risk factors. While AI is a broad field that inherits from ML, each has its applications and limitations. AI’s goal is to replicate human cognitive abilities and is explains by its name, intelligence that is artificial, or not human. Without careful oversight, it can lead to unforeseen outcomes, especially when decisions made by AI systems can affect human liv...