AIGP Practice Exam Questions and Answers

All of the following are unique characteristics of AI that require a comprehensive approach to governance EXCEPT?

According to the Singapore Model Al Governance Framework, all of the following are recommended measures to promote the responsible use of Al EXCEPT?

Scenario:

An organization is building a compliance program to ensure responsible AI deployment. It aims to align operations with AI risk frameworks and mitigate legal, ethical, and operational risks, while still promoting innovation.

Which of the following would be the least likely step for an organization to take when designing an integrated compliance strategy for responsible AI?

CASE STUDY

Please use the following answer the next question:

XYZ Corp., a premier payroll services company that employs thousands of people globally, is embarking on a new hiring campaign and wants to implement policies and procedures to identify and retain the best talent. The new talent will help the company's product team expand its payroll offerings to companies in the healthcare and transportation sectors, including in Asia.

It has become time consuming and expensive for HR to review all resumes, and they are concerned that human reviewers might be susceptible to bias.

Address these concerns, the company is considering using a third-party Al tool to screen resumes and assist with hiring. They have been talking to several vendors about possibly obtaining a third-party Al-enabled hiring solution, as long as it would achieve its goals and comply with all applicable laws.

The organization has a large procurement team that is responsible for the contracting of technology solutions. One of the procurement team's goals is to reduce costs, and it often prefers lower-cost solutions. Others within the company are responsible for integrating and deploying technology solutions into the organization's operations in a responsible, cost-effective manner.

The organization is aware of the risks presented by Al hiring tools and wants to mitigate them. It also questions how best to organize and train its existing personnel to use the Al hiring tool responsibly. Their concerns are heightened by the fact that relevant laws vary across jurisdictions and continue to change.

The frameworks that would be most appropriate for XYZ's governance needs would be the NIST Al Risk Management Framework and?

Which of the following is NOT a common type of machine learning?

All of the following are penalties and enforcements outlined in the EU Al Act EXCEPT?

The processes and methods that allow human users to understand and trust the outputs produced by AI are important in addressing which key regulatory concern?

A company developed Al technology that can analyze text, video, images and sound to tag content, including the names of animals, humans and objects.

What type of Al is this technology classified as?

CASE STUDY

Please use the following answer the next question:

ABC Corp, is a leading insurance provider offering a range of coverage options to individuals. ABC has decided to utilize artificial intelligence to streamline and improve its customer acquisition and underwriting process, including the accuracy and efficiency of pricing policies.

ABC has engaged a cloud provider to utilize and fine-tune its pre-trained, general purpose large language model (“LLM”). In particular, ABC intends to use its historical customer data—including applications, policies, and claims—and proprietary pricing and risk strategies to provide an initial qualification assessment of potential customers, which would then be routed a human underwriter for final review.

ABC and the cloud provider have completed training and testing the LLM, performed a readiness assessment, and made the decision to deploy the LLM into production. ABC has designated an internal compliance team to monitor the model during the first month, specifically to evaluate the accuracy, fairness, and reliability of its output. After the first month in production, ABC realizes that the LLM declines a higher percentage of women's loan applications due primarily to women historically receiving lower salaries than men.

What is the best strategy to mitigate the bias uncovered in the loan applications?

Scenario:

An organization wants to leverage its existing compliance structures to identify AI-specific risks as part of an ongoing data governance audit.

Which of the following compliance-related controls within an organization is most easily adapted to identify AI risks?