What is the price of bad AI today?

As a keen observer of the rapidly evolving landscape of artificial intelligence, I find myself pondering a crucial yet often overlooked question: What is the true cost of bad AI in today's world? Is it merely a monetary value, reflecting the damages incurred from faulty algorithms and misguided decision-making? Or does it extend far beyond that, encompassing ethical dilemmas, societal disruptions, and even threats to personal privacy and security? In an era where AI is increasingly integrated into every aspect of our lives, from healthcare to finance to transportation, the stakes are undeniably high. So, I pose the question once again: What is the price of bad AI today, and how can we ensure that the benefits of this technology far outweigh its potential drawbacks?