Legal and Ethical Challenges of Artificial Intelligence from an International Law Perspective

Tzimas, Themistoklis

doi:10.1007/978-3-030-78585-7

Cited by 14 publications

(7 citation statements)

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“…Moreover, ethical issues related to the lack of transparency and explainability in financial decision-making contribute to a decline in investor trust (Lui et al, 2018;Bussmann et al, 2020;Sheth et al, 2022). Truby (2020) emphasizes that this lack of trust is a primary catalyst for the transfer of loyal customers to competitors, which constitutes a grave threat to the credibility, customer base, revenue, profitability, and market share of an institution (Tzimas, 2021). Privacy concerns in financial decision-making, as highlighted by Mogaji et al (2022), raise apprehensions regarding the collection, storage, and use of sensitive customer data, and the potential implications include breaches, legal consequences, and a loss of customer trust.…”

Section: Literature Reviewmentioning

confidence: 99%

Artificial Intelligence Ethics Best Practices Model for Financial Decision-Making in Chinese Financial Institutions

Mai,

Ambashe,

Ohueri

2024

International Journal of Information Technologies and Systems Approach

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Chinese financial institutions (CFIs) are increasingly embracing artificial intelligence (AI) for their financial decision-making driven by AI's capacity to mitigate risks and enhance efficiency and accuracy. However, there remain ethical challenges related to the integration of AI in financial decision-making. This study develops the AI ethics best practices model (AB-PraM) to mitigate ethical concerns and enhance the application of AI in financial decision-making. By employing a quantitative methodology, this research collected questionnaire data from 320 financial experts in CFIs. Structural equation modelling (SEM) was adopted to identify AI ethics best practices for the implementation of the AB-PraM. The findings of this research will mitigate AI ethics challenges in CFIs and provide a practical framework for transparent and accountable decision-making in alignment with ethical standards and regulations.

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Section: Literature Reviewmentioning

confidence: 99%

Artificial Intelligence Ethics Best Practices Model for Financial Decision-Making in Chinese Financial Institutions

Mai,

Ambashe,

Ohueri

2024

International Journal of Information Technologies and Systems Approach

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“…The rapid advancement of artificial intelligence (AI) has sparked a profound and wide-ranging debate about its potential impact on humanity. While AI holds the promise of revolutionizing industries, solving complex problems, and enhancing human capabilities, there is growing concern about the risks it poses to society, ranging from economic disruption to existential threats [1]. This introduction seeks to provide an overview of the multifaceted issues surrounding the question: "Will Artificial Intelligence Threaten Humanity?…”

Section: Introductionmentioning

confidence: 99%

Will artificial intelligence threaten humanity?

Shahvaroughi Farahani,

Ghasemi

2024

Sustain. Econ.

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The rapid advancement of artificial intelligence (AI) has sparked intense debate regarding its potential threat to humanity. This abstract delves into the multifaceted discussion surrounding the implications of AI on the future of humanity. It explores various perspectives, ranging from optimistic views that highlight the transformative benefits of AI to pessimistic concerns about its existential threat. Drawing on insights from experts and researchers, the abstract examines key areas of contention, including the possibility of technological singularity, the ethical dilemmas posed by autonomous weapons, and the socio-economic impacts of AI-driven automation. So, the main purpose of the paper is to study the impacts of AI from different points of view including social, economic, political, etc. Therefore, different. Furthermore, it discusses strategies for mitigating the risks associated with AI, emphasizing the importance of ethical guidelines, regulatory frameworks, and international cooperation. Overall, this abstract provides a comprehensive overview of the complex considerations surrounding the impact of AI on humanity and underscores the need for thoughtful deliberation and proactive measures to ensure a beneficial and responsible integration of AI into society.

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“…While there are favorable views regarding the social good that AI can provide (Taddeo and Floridi, 2018;Tomasev et al, 2020), there are also studies that criticize the unjustified and hurried optimism regarding AI for social good (Moore, 2019) as well as studies that highlight the potential risks of AI (Cave and Heigeartaigh, 2018;Tzimas, 2021). Accordingly, the main contribution of this paper is to provide a critical assessment of the Plan and present recommendations to enhance the Plan toward achieving a trustworthy and safe AI that is welcome in society to progress the world toward a techno-social paradigm.…”

Section: Introductionmentioning

confidence: 99%

Artificial intelligence research strategy of the United States: critical assessment and policy recommendations

Gursoy

Kakadiaris

2023

Front. Big Data

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The foundations of Artificial Intelligence (AI), a field whose applications are of great use and concern for society, can be traced back to the early years of the second half of the 20th century. Since then, the field has seen increased research output and funding cycles followed by setbacks. The new millennium has seen unprecedented interest in AI progress and expectations with significant financial investments from the public and private sectors. However, the continual acceleration of AI capabilities and real-world applications is not guaranteed. Mainly, accountability of AI systems in the context of the interplay between AI and the broader society is essential for adopting AI systems via the trust placed in them. Continual progress in AI research and development (R&D) can help tackle humanity's most significant challenges to improve social good. The authors of this paper suggest that the careful design of forward-looking research policies serves a crucial function in avoiding potential future setbacks in AI research, development, and use. The United States (US) has kept its leading role in R&D, mainly shaping the global trends in the field. Accordingly, this paper presents a critical assessment of the US National AI R&D Strategic Plan and prescribes six recommendations to improve future research strategies in the US and around the globe.

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Legal and Ethical Challenges of Artificial Intelligence from an International Law Perspective

Cited by 14 publications

References 0 publications

Artificial Intelligence Ethics Best Practices Model for Financial Decision-Making in Chinese Financial Institutions

Artificial Intelligence Ethics Best Practices Model for Financial Decision-Making in Chinese Financial Institutions

Will artificial intelligence threaten humanity?

Artificial intelligence research strategy of the United States: critical assessment and policy recommendations

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