Richard Fulton¹, Diane Fulton², Nate Haynes³ and Susan Kaplan³, ¹Troy University, USA, ²Clayton State University, USA, ³Modal Technology, USA

This paper summarizes the most cogent and recently-cited advantages and risks associated with Artificial Intelligence from an in-depth review of the literature. Then the authors synthesize the salient risk-related models currently being used in AI, technology and business-related scenarios. Lastly, in view of the most pressing issues and updated context of AI along with theories and models reviewed, the writers propose a new framework called "The AI Transformation Risk Model" to address the increasing fears and levels of risk. Using the model characteristics as a backdrop, the article emphasizes innovative solutions where benefits outweigh risks.

Artificial Intelligence, Risk Benefit Models, AI Challenges, AI Advantages, Generative AI