Navigating the Risks of Artificial Intelligence: Challenges and Strategies for Mitigation

Abstract

The proliferation of Artificial Intelligence (AI) technologies has revolutionized various industries, offering unprecedented opportunities for innovation and efficiency. However, alongside its benefits, AI introduces significant risks, including ethical dilemmas, algorithmic biases, security vulnerabilities, and societal impacts. This paper explores the multifaceted risks associated with AI, categorizes these challenges into technical, ethical, and societal domains, and proposes a framework for effective risk mitigation. By adopting a proactive approach combining policy interventions, technical safeguards, and collaborative efforts, stakeholders can navigate the complex landscape of AI risks while harnessing its transformative potential.