As artificial intelligence (AI) continues to advance rapidly, it has become imperative to establish robust mechanisms for reviewing and managing the emerging risks associated with its diverse applications. This article explores the historical evolution of AI modeling, highlights its widespread impacts across various sectors, examines existing regulations and initiatives for ensuring responsible use, and emphasizes the importance of effective model review practices. By fostering a culture of responsible innovation, organizations can harness the transformative power of AI while mitigating potential risks to individuals, society, and the environment.