The need of AI Risk Managers in organizations: AI is not a risk-free asset

There are several risks involved in dealing with Artificial Intelligence (AI). In the globalized world, however, such methodology choices can eventually snowball into much greater economic risks. Let me make a case for an AI Risk Manager in organizations, preferably sitting in the Risk Management Department (RMD) if not compliance. The series of recent AI mishaps have further ignited the debate. A person from Michigan sued the Detroit police after being falsely arrested and falsely identified as a shoplifting suspect by the department's facial recognition software.