The advent of artificial intelligence (AI) technologies brings with it ethical risks. Many companies have assembled dedicated teams and committees as a way to anticipate potential risks that the inappropriate use of AI technologies could create. The idea of regulating and managing AI to address ethics-related questions helps brands convince consumers, lawmakers and investors that they're doing things right. When creating these ethics teams or committees, some large tech companies like Google, SAP and Genesys, have developed internal committees, some have partnered with other companies and still others teamed with universities. And, after ethics scandals like the Facebook/Cambridge Analytica issue affected stock prices for certain large tech companies, those committees are viewed as tools to bring confidence in future business cases ahead of upcoming IPOs.

The Indian Institute of Technology Madras (IIT-M) on Friday launched a start-up to prepare the workforce for the advent of the Artificial Intelligence (AI) age by training students at nominal costs. The start-up – 'PadhAI' – offers an affordable hands-on course on'Deep Learning' which is the most successful sub-field of AI. It is open to all students, faculty and professionals with a basic background in mathematics and Python. The fee for students and faculty is Rs 1,000 and for working professionals Rs 5,000. The start-up will also create AI-driven apps by collaborating with Small and Medium Enterprises and the industry and generate value for the Indian economy.