Why should you consider creating an AI Impact Assessment when designing a generative AI solution?

Fdaytalk Homework Help: Questions and Answers: Why should you consider creating an AI Impact Assessment when designing a generative AI solution?

a) To make a legal case that indemnifies you from responsibility for harms caused by the solution
b) To document the purpose, expected use, and potential harms for the solution
c) To evaluate the cost of cloud services required to implement your solution
d) None of the above

Answer:

First, let’s understand what an AI Impact Assessment is:

An AI Impact Assessment involves evaluating the potential effects of an AI system, both positive and negative. It includes assessing risks, ethical considerations, and societal impacts.

Now, with this understand, let’s analyze each option to find correct answer.

Given Options: Step by step analysis

a) To make a legal case that indemnifies you from responsibility for harms caused by the solution

• This option suggests that the assessment is primarily for legal protection. While legal considerations are important, but the primary goal of an AI Impact Assessment is broader and not just about legal indemnity. 

b) To document the purpose, expected use, and potential harms for the solution

• This option aligns well with the core objectives of an AI Impact Assessment. It emphasizes documenting the AI system’s purpose, expected use, and potential risks, which are crucial for responsible AI development.

c) To evaluate the cost of cloud services required to implement your solution

• This option focuses on cost evaluation, which is an important aspect of project planning but not the primary focus of an AI Impact Assessment. This is more related to technical and financial planning.

d) None of the above

• We’ll consider this if none of the other options seem correct

Final Answer: 

Based on the above analysis, the correct answer is:

b) To document the purpose, expected use, and potential harms for the solution

The primary reason for creating an AI Impact Assessment is to ensure that the AI solution is developed responsibly, with a clear understanding of its intended use and potential risks. This helps in mitigating harm and ensuring ethical compliance.

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