What is a critical aspect of an AI risk management framework?

Prepare for the Artificial Intelligence Governance Professional Exam with flashcards and multiple choice questions. Each question includes hints and explanations to enhance understanding. Boost your confidence and readiness today!

Establishing and following responsible AI processes is indeed a critical aspect of an AI risk management framework. This involves creating structured procedures to identify, assess, and mitigate risks associated with AI technologies. Responsible AI processes encompass guidelines for ethical considerations, compliance with legal standards, accountability, and transparency in AI development and deployment.

Organizations need to ensure that the entire lifecycle of AI—from conception through deployment and monitoring—is guided by principles that prioritize safety, fairness, and respect for user privacy. By having these processes in place, organizations can better manage the potential risks that arise from deploying AI systems, such as bias in decision-making, security vulnerabilities, and societal impacts.

The other options do not align as closely with the core focus on risk management in AI. While using ethical training data is important, it is just one component within the broader framework. Developing AI entertainment applications does not contribute to risk management principles. Similarly, increasing the use of unregulated AI would heighten risk rather than manage it, leading to potential ethical and operational challenges.

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