What are the risks of non-compliance in AI?
Non-compliance in AI can lead to legal penalties, loss of trust, and potential harm to users.
Can you give examples of legal penalties?
Sure! Companies may face fines, lawsuits, or restrictions on their operations if they violate AI regulations.
How does non-compliance affect user trust?
When users see companies ignoring regulations, it can erode their trust, leading to decreased usage and loyalty.
What are some potential harms to users?
Potential harms include data breaches, biased algorithms, and unsafe AI applications that can impact lives.
What can companies do to ensure compliance?
Companies should implement robust governance frameworks, conduct regular audits, and stay updated on regulations.
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