What is the likelihood of the negative event occurring

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Reference no: EM133504556

Question: The CEO has asked you to recommend to the Board how your organization can help ensure responsible and safe use of artificial intelligence (AI), specifically addressing the following six topics:

Definition - What is the nature of the risk: regulatory, brand, continuity, project, revenue, other risk?
Probability - What is the likelihood of the negative event occurring?
Timing - When would the negative event occur, and how quickly could we detect and rectify it?
Impacts - Should the event occur, what is the potential damage, either fiscal or reputational?
Estimates - How much would it cost to mitigate the risk? How does the cost compare to the impact?
Options - What is the range of options for mitigating the risk?

Reference no: EM133504556

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