Can you describe the shared responsibility model in managing third-party risks, including AI?

The shared responsibility model has been a significant challenge in the industry, especially with the rise of cloud services. It's crucial for managing not just AI but all third-party services, ensuring that responsibilities are clearly defined and understood by all parties involved.

A shared responsibility model is essential when dealing with third parties, especially in the context of AI. Defining clear responsibilities for managing the environment and handling incidents is crucial. This approach helps prevent disputes over accountability and ensures that any issues can be addressed promptly and efficiently.