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A number of forthcoming laws and regulations that will govern the use and development of AI will require mandatory risk or impact assessments.
In the third installment of our weekly mini-webinar series, BABL AI’s CEO Shea Brown discusses what an ethical risk assessment is, and how your organization can implement them today.
00:00 – Intro
01:45 – Why BABL is requiring risk assessment as part of our bias audit
03:50 – Difference between "risk assessment" and "impact assessment"
04:26 – Goal of the risk assessment
05:46 – (2) Identify all stakeholders
07:24 – (3) Focus: harms vs. interests
09:23 – (1) Examine the full context: the CIDA narrative
12:48 – (4) Generate list of harms and causes
14:45 – (5) Connect harms to causes
17:39 – (6) Create mitigation strategies
21:23 – The importance of diverse multi-stakeholder perspectives
22:16 – Recap of steps
25:45 – Q: Can risk assessment be an automated process?
29:24 – Q: Thoughts on NIST Risk Management Framework
30:57 – Closing thoughts
