A Review of the Literature on the Subject of Ethical and Risk Considerations in the Context of Fast AI Development

Abstract

Ethical concerns and dangers are inherent in the process of creating new technology. We take a look at several approaches to handling the potential dangers and ethical dilemmas posed by AI, one of the next technologies. The growth of AI might have both positive and negative consequences, depending on the management of this field. According to certain metrics, the processing capability of the world's fastest supercomputer, Tianhe-2, surpasses that of a single human brain. However, its processing/power consumption ratio and physical size are prohibitive. Some academic estimates put the potential for AI to achieve superintelligence and self-determination in just a few decades, based on the present rate of AI research and development. This necessitates not only suggestions for technology management but also a thorough examination of the potential dangers and ethical consequences of AI development. Here, we take stock of where AI is at the moment, the trajectory of its potential future growth, and the ethical concerns that may arise from putting it into practice. Additionally, we provide a concise overview of technology-related ethical and risk management procedures. In conclusion, we provide suggestions for technology management that could guide the appropriate administration of AI, therefore reducing existential threats to mankind and easing its ethical consequences.