With great power comes great risks. While the fear that AI could take over human jobs is the foremost concern for many, organizations are already facing a host of challenges.
Ethical and social risks associated with generative AI models are a major issue, said Wang Yonggang, Dean of AI Institute at Sinovation Ventures. The internet is flooded with AI-generated photos, videos, and audio files, contributing to growing concerns of their use in fraudulent activities. Meanwhile, fake websites and applications comprised of AI-generated text and relevant keywords could be used to obtain fake ad clicks, and manipulate search engines and app store rankings.