Newfoundland and Labrador’s New Democratic Party is calling on the provincial government to implement “strict regulations” around the use of artificial intelligence.
“Not only is the use of AI on government reports disgusting, but it’s undermining the confidence in our government to do the work necessary to address the issues in our healthcare system, and truly throughout the province” NDP Leader Jim Dinn said in a news release Monday, in response to The Independent’s Nov. 22 story that revealed the province’s $1.6-million Health Human Resources Plan, commissioned from global consulting firm Deloitte, contained fabricated research citations likely generated by AI.
AI vendors and AI-based companies are taking advantage of an often-overlooked asymmetry in how value and risk work.
MBA brain thinks: task makes us $500, has a 1% chance of making a mistake that costs us $200. So expected value is: 500-200x0.01, or $498. So if I can use AI to do task twice as fast, it’s all upside!
Reality is: value-adds tend to be situational, and risk tends to be systemic. If you do task x2, you might not see any actual extra profit as a result — due to dependencies, diminishing returns, and maybe supply and demand, that value might just fizzle out.
But if you make a small mistake, and then someone else makes a small mistake while building on top of your work, and so on… that risk compounds quickly and spirals out of control.
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