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ai risk and potential

The Biggest AI Risk in 2024 And how to fight it

Here's a link to an article, The Biggest AI Risk in 2024, about AI Risk for this year. The author was doing an interview with NHK, Japan's national broadcaster, about AI's future.

The most prominent risk is overlooking AI's potential.

He discussed the major AI risks for 2024 during the interview. The most prominent risk is overlooking AI's potential. While AI poses data privacy issues, such as unauthorized use in sensitive sectors, and copyright concerns, as seen in lawsuits against AI companies, its rapid adoption is unprecedented. In just 18 months, generative AI has become widely used, with over half the workforce relying on tools like ChatGPT.

The biggest risk, he emphasized to NHK, is neglecting AI engagement. 

Avoiding AI may seem safe, but it hinders productivity and innovation. Most workers using AI report increased productivity and job satisfaction. Companies embracing AI now gain a competitive edge and are better positioned for future developments.

Moreover, early engagement with AI allows industries to influence evolving regulations and better manage risks. For example, the photography industry proactively adapted to AI advancements, ensuring better control over the impact on their field.

In summary, the reluctance to integrate AI is the most significant risk in 2024. It's crucial to actively engage with AI technologies to remain competitive, innovative, and well-prepared for future challenges.