Wider ethical issues
Alongside accounting-specific ethical principles, there are a number of more general concerns about AI that have been raised in recent years: JOB DISPLACEMENT While AI can enhance efficiency, it may also lead to significant shifts in employment, requiring professionals to The development and operation of AI systems, particularly those requiring extensive computational resources, contribute to significant energy consumption and carbon emissions. PRIVACY AND SURVEILLANCE Data privacy is a familiar concern to finance professionals, but there are additional concerns with AI because it’s not always clear where the data will end up. AI can process vast amounts of personal data, potentially infringing on individual privacy rights if not properly regulated. adapt by acquiring new skills. ENVIRONMENTAL IMPACT
ALIGNMENT AND CONTROL AI systems must be carefully aligned with human values, ethical principles, and specific business goals to ensure they act in the best interests of society. Misalign - ment – where AI systems operate in ways that diverge from intended objectives or ethical norms – can lead to unintended and potentially harmful consequences. regulated. AI systems must be carefully aligned with human values, ethical principles, and specific business goals to ensure they act in the best interests of society.
AI AND ETHICS | PART ONE: WIDER ETHICAL ISSUES
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