Exploring AI Risks Reported in SEC Filings Can Be Helpful For Many Organizations, Including SMBs
One of our recent posts discussed the uptick in AI risks reported in SEC filings, as analyzed by Arize AI. There, we highlighted the importance of strong governance for mitigating some of these risks, but we didn’t address the specific risks identified in those SEC filings. We discuss them briefly here as they are risks likely facing most organizations that either are exploring, developing, and/or have already deployed AI in some way, shape, or form. Arize AI’s “ The Rise of Generative AI in SEC filings ” reviewed the most recent annual financial reports as of May 1, 2024, filed by US-based companies in the Fortune 500. The report is filled with interesting statistics, including evaluating the AI risks identified by the reporting entities. Perhaps the most telling statistic is how quickly companies have moved to identify these risks and their reports: Looking at the subsequent annual financial reports filed in 2012 reveals a surge in companies disclosing cyber and in...