We are currently in a similar place regarding AI. In the 1960s, physicians were faced with new ethical challenges as a result of some medical scandals and the emergence of technology such as the mechanical ventilator that created new situations. AI ethics is, similarly, a subfield of practical ethics. Practical ethics is a field that flourished in great part thanks to the development of medical ethics (also called bioethics or biomedical ethics), which became a subfield of practical ethics. Should a trader engage in front-running or other dubious practices based on insider knowledge of future transactions that will impact a security’s price?.Should a bank or asset manager sell an unsuitable product or service to a customer?.In the world of banking and finance, ethics poses questions such as: Should a doctor help a dying patient who wishes to end their life sooner?. Should a lawyer suppress evidence that makes their client look guilty?.Should a developer design an app to be as addictive as possible?.It attempts to provide directions for conduct, and asks questions such as the following: Practical ethics is the part of ethics that looks to satisfactorily resolve dilemmas that are presented to human beings in the real world. What is a good life and how do we get there?.Ethics is the sphere of philosophy that deals with matters relating to what a “good life” is, as well as what is right and wrong, what is permissible and impermissible, and what is virtuous and vicious.
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