Risks Of Using Foundational Models Such As GPT-3

Google's foundational model BERT powers the search engine used by billions across the world. OpenAI's GPT-3 is a powerful language model that has forayed into downstream tasks such as building low code platforms. In the era of such large scale foundational models that directly impact many real-world applications, what are the risks that tag along? To answer this, the entire AI department at Stanford University has released a survey. In this report, the researchers have provided a thorough account of the opportunities and risks of foundation models, their capabilities, applications, and societal impact.