The absolute dominance of Artificial Intelligence (AI) introduces unprecedented societal harms and risks. Existing AI risk assessment models focus on internal compliance, often neglecting diverse stakeholder perspectives and real-world consequences. We propose a paradigm shift to a human-centric, harm-severity adaptive approach grounded in empirical incident data. We present AI Harmonics, which includes a novel AI harm assessment metric (AIH) that leverages ordinal severity data to capture relative impact without requiring precise numerical estimates. AI Harmonics combines a robust, generalized methodology with a data-driven, stakeholder-aware framework for exploring and prioritizing AI harms. Experiments on annotated incident data confirm that political and physical harms exhibit the highest concentration and thus warrant urgent mitigation: political harms erode public trust, while physical harms pose serious, even life-threatening risks, underscoring the real-world relevance of our approach. Finally, we demonstrate that AI Harmonics consistently identifies uneven harm distributions, enabling policymakers and organizations to target their mitigation efforts effectively.