Spillover Effect Details

Policy
EU AI Act
Alternative
AI Ethics and Impact Assessment Framework for SMEs
Dimension
Social
Criteria
  • Protec youth from social media damage
Time Frame
0
Score
PositiveImpact
The comprehensive framework for SMEs could enhance ethical AI development, leading to greater public trust in AI, which may reduce the fear of misuse and enhance user engagement. A society where SMEs actively participate in ethical AI will foster innovation and job creation, ultimately benefiting future generations. Furthermore, creating a more robust small business sector in AI that aligns with ethical standards will lead to more resilient communities for the long term.
NegativeImpact
The framework may impose additional compliance costs on SMEs that are already struggling with limited resources, potentially stifling innovation and competitiveness. If poorly implemented or perceived as overly burdensome, it could discourage SMEs from pursuing AI initiatives altogether, leading to a consolidation in the industry that impacts competition and consumer choice. This would disproportionately affect youth, limiting their involvement in emerging technology sectors and potential career paths.
Description
The proposed comprehensive framework for SMEs, while well-intentioned, falls short in addressing the urgent need for effective and scalable solutions in AI regulation and ethical compliance. Its failure may stem from three main areas: lack of resources and understanding among SMEs to implement the framework, potential for uneven application leading to disparities among enterprises, and possible bureaucratic delays and inefficiencies hindering timely deployment of AI solutions. Compared to the alternatives—such as the AI Accountability Training and Certification Program which enhances skills and compliance, and the AI-Enhanced Environmental Education Initiatives preparing youth for future challenges—the SME framework ranks lower in terms of long-term value and benefits for future generations.
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