Technical Debt & Ethical Debt

Technical Debt - A software development term referring to the cost of choosing fast solutions now and putting off fixing issues until a future time. The benefit of a rush to market is matched with a hope that bugs will be found later, and repairs made. It can result from limited testing during the development process.

Ethical Debt - The result of not considering societal harms and unintended consequences. This can happen in the fast-moving production of AI tools. The people who incur it are rarely the people who ultimately pay for it.

More AI definitions here.