Legal and Moral Issues Related to Artificial Intelligence Technology in Business

This paper highlights the significance of considering the legal and moral implications of artificial intelligence (AI) technology. While artificial intelligence offers several benefits and advancements, questions surrounding ethics arise, influencing the normal functioning of organizations. The widespread integration of artificial intelligence in critical areas like urban infrastructure, healthcare, and law enforcement, as well as daily aspects like dating, necessitates ethical governance. This involves addressing concerns such as fairness, privacy, transparency, and combating large-scale discrimination. Furthermore, the distribution of artificial intelligence-driven services and goods, economic implications, and ethical responses to job loss caused by artificial intelligence-based automation are essential considerations. Moreover, the concepts of explainability and interpretability emerge as mechanisms to enhance algorithmic transparency, fairness, and accountability. A crucial issue is still how to define the optimal explanation of ethical AI and incorporate it into businesses.