Executive Order 14110: Understanding Its Impact on Federal Emergency Powers
Key Takeaways Executive Order (EO) 14110 is an order issued by the United Stats Federal Government ordering certain actions in the wake of AI. This EO recognizes that the National Institute of Standards and Technology will maintain the largest role when it comes to protecting against AI risks. EO 14110 acknowledges the ethical and compliance […]
AI in Healthcare: Transforming Patient Care with Technology
Key Takeaways AI is increasingly deployed in the healthcare context including in predictive analytics, diagnostics and post-intervention care. As with all applications of AI, AI in healthcare carries ethical and regulatory risks. When developing or implementing AI in the healthcare context it is crucial to respect patient data and privacy, and acknowledge the equity risks […]
Generative AI Risks: Navigating the Ethical and Security Challenges
Key Takeaways Generative AI presents risks as well as opportunities, for both businesses and the general public. There are regulatory risks to generative AI (such as the risk of breaching the EU AI Act), legal risks (such as infringing someone else’s IP), ethical risks (such as AI algorithms that harm people) and business risks (such […]
Types of AI: Understanding Different Artificial Intelligence Systems
Key Takeaways Artificial intelligence (AI) systems can be distinguished by the strength of intelligence involved, the type of technology used, and the risk posed by the technology. Different AI design philosophies can be applied in software development including Theory of Mind AI and Self-Aware AI. A major challenge in building AI systems is to ensure […]
AI Bias: Understanding and Mitigating Risks in Machine Learning
Key Takeaways AI bias is the tendency of artificial intelligence systems to replicate real-world prejudices, or otherwise incorporate a skewed perspective. There are three main types of AI bias: Technical bias, emergent bias and pre-existing bias. There is a move from all AI regulators to encourage AI companies to mitigate the risks of AI bias. […]
ISO 42001 Standard: Ensuring AI Management System Excellence
Key Takeaways ISO 42001 is a new international standard governing the management of AI systems. It has evolved from the environmental management standard (ISO14001) to capture the specific challenges created by AI systems. Companies seeking certification under this standard need to ensure that they have robust AI risk management systems in place. Table of Contents […]
Conformity Assessments in the EU AI Act: Navigating the Compliance Landscape
Key Takeaways Risk-Based Categorization: Conformity assessments are most stringent for high-risk AI systems like those in critical infrastructure and law enforcement. Self-Assessment for Certain AI Systems: Low and minimal risk AI systems may undergo self-assessment for conformity. Third-Party Assessment Required: High-risk AI systems must undergo assessment by an independent third party or notified body. Ongoing […]
Europe Agrees on EU AI Act
Key Takeaways The EU AI Act has just received final approval from Europe’s institutions, and will become law in due course. Some technical details still remain to be worked at in the coming months. Once finalized and passed into law, there will be two years for companies to comply with the new law. As of […]
Final Vote on EU AI Act Approaches
Key Takeaways The EU AI Act introduces a risk-based approach to regulate the use of artificial intelligence, including prohibitions on certain high-risk AI systems. Risk management, data governance and protection, and human oversight are essential components for regulating high-risk AI systems. The European Parliament approved amendments in June 2023 to ensure that the regulations stay […]
What is the Colorado AI Life Insurance Regulation?
Key Takeaways Targeting Algorithmic Discrimination: Colorado’s law focuses on preventing unfair discrimination in life insurance through algorithmic data use. ECDIS Management: The regulation emphasizes the proper handling of non-traditional data sources in insurance processes. Broad Impact: It affects not only insurers but also vendors and subcontractors involved in life insurance in Colorado. Alignment with Global […]