The vulnerabilities in large language models (LLMs), such as their ability to create hallucinations, their inherent biases, and their susceptibility to corruption, have led to hesitation among businesses in deploying AI applications for business advantage. This concern is compounded further by the lag in legislative regulations to address these risks.
Despite these challenges, businesses are compelled to belgium whatsapp number data harness the potential of LLMs for innovation, increased productivity, and competitive edge. Otherwise, they face another risk: falling behind their competitors. For example, this recent study shows that consultants who use AI tools perform at a higher level than those who do not.
The Need for Consistent AI Monitoring
A commonly proposed solution is algorithmic auditing. Calls for the development of auditing frameworks abound, with thousands of regulations in development around the world. In the U.S. Congress alone, there are currently over 80 bills being considered. However, with so much legislative activity, many organizations have adopted a wait-and-see approach to compliance.