EqualAI shares Algorithmic Impact Assessment Tool, additional resources for business leaders seeking to implement AI safely and productively
As businesses begin leveraging Generative AI to boost the bottom line, leading nonprofit organization in the fight against bias in AI launches new resource for responsible AI governance
WASHINGTON, March 16, 2023 /PRNewswire/ -- EqualAI®, a nonprofit organization and leading voice for responsible AI governance, today announced the launch of the EqualAI Algorithmic Impact Assessment (AIA). This new resource will help organizations of all kinds implement the recently-released U.S. Department of Commerce's National Institute of Standards and Technology (NIST) guidance on identifying and managing bias in AI.
EqualAI works with organizations to ensure they are aware of and adopt responsible AI governance practices. The launch of the EqualAI AIA comes at a time when business leaders are rushing to use Generative AI widely, sparking concern about the potential harms it may inflict upon vulnerable populations.
"While Generative AI systems feel fresh and exciting, they must be used responsibly to avoid perpetuating unconscious bias and systemic inequalities in our society," said Miriam Vogel, President and CEO of EqualAI. "Our enthusiasm for these transformative technologies cannot distract us from applying best practices for responsible AI governance."
The EqualAI Algorithmic Impact Assessment is now available on EqualAI's website. In addition to the AIA, EqualAI's existing resources on reducing bias in AI can all be applied to the creation and ongoing use of Generative AI systems, including:
"Generative AI holds massive promise to transform how we live and work, but it also comes with significant risks if we don't all do our part to hold it to ethical standards," said Reggie Townsend, Director of the Data Ethics Practice at SAS and member of the EqualAI Board of Directors. "Organizations that want to do right by their employees, customers, and other stakeholders should leverage resources like EqualAI's AIA, Checklist, and Badge Program to mitigate the risks and unleash the potential of AI."
Media contact: Mike Tague, [email protected]
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