Last week, the ‘CAIO Collective’ caught up in central London for an event that was anything but ordinary. Since last month’s meetup with our Business Safari through Big Data LDN, we’ve welcomed a further seventeen in person members and over 60 virtual members! So… this was a gathering of some of the sharpest minds in AI leadership all focused on navigating the increasingly complex landscape of driving real value from artificial intelligence and its real-world applications. This session came at a critical time, as the sector grapples with new regulations, ethical considerations, and the rapid pace of technological advancement and this meant a packed agenda. By strong demand, we pushed the AI talent, learning, and development into December’s meetup using the time instead to focus on this month’s hot topic… the European AI Act (AIA). So… the AIA was at the forefront of our discussions this time around. Its impact on the industry is set to be profound, but not without some controversy. While many welcomed the Act’s intent to enforce transparency, fairness and accountability, there was a fervent shared concern about its potential to curb innovation. This was especially the case for small and medium enterprises. For many in the Collective, this regulation represents a call to action. It’s not just about compliance; it’s about demonstrating how responsible AI can genuinely thrive under a robust framework. The debate also touched on the strategic importance of engaging with policymakers early and ensuring that the voices of practitioners who understand AI’s real-world complexities are really heard. Another focal point was the rise of AI-powered decision-making systems. From dynamic supply chain optimisation to real-time fraud detection, AI’s ability to handle complex decision-making processes is driving a new wave of operational efficiency across industries. However, it’s not without its challenges. Many organisations are grappling with how to deploy these systems at scale while ensuring transparency and maintaining a human in the loop oversight. The discussion highlighted that successful AI deployment isn’t just about technology; it’s about building trust - both within organisations and with their customers. The event was not just a forum for discussion but a call to action. The Collective is dedicated to shaping the future of AI by building frameworks that are ethical, strategic and sustainable. If you’re a Chief AI Officer or in AI leadership and want to engage with a community that’s on the cutting edge of these issues, we’d love to have you join us. Our next gathering is provisionally scheduled for 4 December at The Century Club, where we’ll dive into the critical topic of talent, learning, and development in AI - a key factor in sustaining the industry’s momentum. #CAIOCollective #ChiefAIOfficer #EUAIAct #AIRegulation #AILeadership #EthicalAI #DataGovernance #AIinBusiness #ChathamHouseRules
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Important AI Events Coming This Week. 1. AI Safety Summit, 21 May 2024 The summit held in Seoul and co-hosted by the UK today, will build on the legacy of the first edition in November last year, to “advance global discussions on AI”. Talks will focus on AI safety and addressing the potential capabilities of the most advanced AI models. Among last year's attendees, besides government leaders, were Elon Musk, CEO of Tesla and owner of Twitter, as well as Sam Altman, CEO of OpenAI and Nick Clegg, president of global affairs at Meta. This edition is expected to attract fewer governments, 19 instead of 28. 2. AI Act The EU’s AI Act the world’s first risk-based legislation on the machine learning tool, will also be signed off by EU ministers tomorrow (21 May), meaning that the rules start applying in June. A big difference with all other initiatives, is that the AI Act is actual law. Companies can therefore be held accountable for breaches, and ultimately face fines. 3. AI Pact In a bid to help companies get ready for the AI Act, the Commission came up with the AI Pact. It aims to help so-called front-runners to test and share their AI solutions with other companies, in anticipation of the upcoming regulatory framework. The Pact is not intended as means of compliance enforcement by the EU executive, but more as a sandbox where businesses can see if the rules are fit for purpose. More than 400 companies signed up. 4. OECD An updated version of the Organisation for Economic Co-operation and Development (OECD), first published its AI principles in 2019. was adopted earlier this month (3 May) to take into account recent developments in AI, such as the emergence of general-purpose and generative AI tools, including programs like ChatGPT. The list now addressed AI-related challenges around privacy, intellectual property and information integrity. 5. Council of Europe Last week (16 May), the CoE adopted a treaty that covers the entire lifecycle of AI systems and addresses the risks they may pose, while promoting responsible innovation. It aims to ensure that human rights and the rules of law are incorporated in situations where AI systems assist or replace human decision making. There is one caveat with these international rules, each country can decide whether or not to sign the convention. 6. G7 The smaller G7 group of countries – Italy, Canada, France, Germany, Japan, UK, and the US – will meet in Italy next month to discuss AI. It will include a special visit from Pope Francis, who has called for the development of ethical AI. 7. United Nations A more symbolic approach was taken by the United Nations (UN), which adopted a US-led draft resolution last March to highlight the respect, protection and promotion of human rights in the design, development and use of AI. The text was backed by more than 120 out of the 193 member states. Source: EuroNews.com
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𝐆𝐞𝐫𝐦𝐚𝐧𝐲 𝐒𝐭𝐫𝐢𝐤𝐞𝐬 𝐀𝐠𝐚𝐢𝐧! 🇩🇪 Once again, Germany showcases its global leadership in… overthinking! The latest masterpiece? A 67-page opus from the Federal Office for Information Security (BSI) explores the “Chancen-Risiken-Verhältnis”(Opportunity-Risk Ratio) of generative AI. While the world races to build the next breakthrough AI revolution, we’re perfecting the art of regulation. Because, really, why build when you can bind? Here's a summary: 🔸 The "Chancen-Risiken-Verhältnis" (Opportunity-Risk Ratio): Germany is leading the way in AI innovation...by publishing a 67-page document on the risks of generative AI. Forget about building cutting-edge AI models, let's focus on regulating them out of existence! That's how we'll stay ahead of the curve. 🔸 The German Angst of "Fehlverhalten" (Misbehavior): Our AI models are so well-behaved, they'll never do anything unexpected or creative. We've trained them to follow the rules and never step out of line. Who needs innovation when you have conformity? 🔸 The "Bürokratie-Bias" (Bureaucracy Bias): Our AI models are experts in generating complex legal documents and risk assessments. They can even write you 45-pages on the potential dangers of using AI. Just don't ask them to do anything actually useful or productive. 🔸 The "Datenschutz-Dilemma" (Data Protection Dilemma): We take data protection so seriously that we've made it virtually impossible to train AI models on real-world data. Our AI models are like lab rats, raised in a sterile environment and completely out of touch with reality. 🔸 The "Regulierungs-Reflex" (Regulation Reflex): Don't worry about AI taking over the world. We've got a regulation for that. In fact, we've got a whole bunch of regulations. Just don't ask us how they're supposed to work or who's going to enforce them. In all seriousness, while regulation and oversight are important, isn’t it time to also prioritize doing something? Germany’s obsession with risks risks missing the opportunities. What if we put the same energy into nurturing innovation? Let’s not just talk about the “Chancen-Risiken-Verhältnis.” Let’s build some actual opportunities. Because while we’re busy regulating, the rest of the world is busy leading. What’s your take? Are we striking the right balance between caution and ambition? ************************* #CraftingTomorrow #ItsAllAboutPeople #TheFutureIsNow #GenAI
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📝new paper out today! “Global AI governance: barriers and pathways forward” is exactly what it sounds like: we dive into current global AI governance efforts, what they get right & wrong, and where we think it should go (spoiler: not a centralized body!) Check it out here: https://lnkd.in/gECt4BWN With the dream team Huw Roberts, Mariarosaria Taddeo, and Luciano Floridi #AIgovernance #AIethics
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As the digital transformation is accelerating, understanding the EU AI Act is essential for businesses to succeed in the EU market.
The Future is Now: Preparing Your Business for the EU AI Act
isms.online
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Do you agree or disagree? 🤠 "There is sufficient international alignment on emerging codes of conduct and standards for global companies to effectively implement RAI requirements across the organization." 👀 In my view, the key word is “sufficient.” Can there be more, better, alignment? Yes. Will we uncover the need for further alignment? Most likely. However, do we have sufficient alignment on the fundamentals for companies to effectively implement RAI requirements across the organization? Absolutely. We simply need to get on with it, especially as governance and the majority of RAI requirements are not new, even if the instigating domain is. To summarise - A Fragmented Landscape Is No Excuse for Global Companies Serious About Responsible AI 🌏 https://lnkd.in/gwqaZxz5
A Fragmented Landscape Is No Excuse for Global Companies Serious About Responsible AI
sloanreview.mit.edu
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AI is great for business and efficiency in our every day lives. However, I am often left thinking what it means for governance in our region. This research explores how we could think about AI and the policy / governance structures we need to wrap around this rapidly emerging area. It does leave me wondering how quickly our governance systems can respond to the increasing pace of change, and their incentives to do so. Great read. https://lnkd.in/duqKCngm
Global AI governance: barriers and pathways forward
academic.oup.com
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🌍 vResolv.io at GAIN Summit 2024 – A Global Exchange of Ideas! 🌍 We are incredibly proud to announce that our CEO, Aadil Jaleel Choudhry, represented vResolv.io at the prestigious Global AI Summit 2024 in Riyadh, Saudi Arabia! As a gathering of some of the world’s most innovative minds, this summit provided a unique platform to explore the latest breakthroughs in AI, and Aadil delivered key insights from vResolv’s experience in applying AI to real-world challenges. 🧠 The Importance of Responsible AI: During a thought-provoking panel discussion, Aadil focused on the growing need for responsible AI—the challenges and how to ensure that AI technologies are designed and deployed ethically, with accountability, transparency, and fairness at their core. He spoke about the responsibility of AI developers to consider the societal impact of their innovations, highlighting the critical balance between technological advancement and ethical boundaries. The discussion explored how responsible AI can shape a future where AI solutions drive progress without compromising on privacy, bias, or fairness. 🌟 At vResolv.io, this is exactly what we do! We are deeply committed to developing ethical AI-driven solutions that tackle real-world problems. One such solution is Qazi.ai, our Legal AI Assistant that helps streamline judicial processes while ensuring fairness and transparency in legal decision-making. We believe that AI can be a force for good when built with responsibility at its foundation, and that is the principle guiding our innovation at vResolv.io. 🔍 A Two-Way Learning Opportunity: While we were excited to share our advancements, the summit also provided an invaluable opportunity for learning. From deep-diving into ethical AI frameworks to understanding new AI trends in the global marketplace, Aadil’s participation reaffirmed our commitment to staying at the forefront of AI developments. A huge thank you to Global AI Summit 2024, the Kingdom of Saudi Arabia, and all of our amazing partners in KSA for the incredible support and platform to exchange ideas. Shoutout to Andrew Jackson, PhD, Joe Youssef Malek and moderator Rohit Krishnan, who shared the stage with Aadil Jaleel Choudhry and gave invaluable input! We are more inspired than ever to drive AI-driven solutions that create a lasting impact. 💬 What’s your take on the future of AI in solving global challenges? We'd love to hear your thoughts and ideas in the comments below! Let's keep the conversation going and explore the endless possibilities together. 🚀 #GAIN2024 #AIInnovation #AIForGood #vResolv #TechForChange #FutureOfAI
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Currently many countries lack comprehensive AI legislation (85% of Member States do not have AI policies or regulation in place). 🌐 Key Findings on Global AI Governance from the @ITU’s AI for Good Global Summit At the AI for Good Global Summit 2024, stakeholders from around the globe gathered to discuss practical frameworks for AI governance. The AI Governance Day report offers insights and recommendations from policy discussions to guide stakeholders in crafting effective AI governance strategies. The AI Governance Day report underscored several crucial points: · AI Principles vs. Concrete Regulations: While foundational, AI principles are often too abstract for direct application, underscoring the pressing need for tangible regulations. · Global Initiatives: The report outlines notable AI initiatives such as China’s Algorithm Registry, the US Executive Order on AI, and the EU AI Act. · Regulatory Gaps: There is a significant gap between existing regulations and the latest technological advancements in AI monitoring and control, posing substantial risks. · Focus Areas: Discussions focused on balancing AI’s benefits with risk mitigation, sharing best practices, identifying challenges, and exploring forward-thinking strategies. · Global Support: Many countries lack comprehensive AI legislation (85% of member states do not have AI policies or regulation in place). Leveraging the processes of the UN system can significantly enhance these countries’ AI governance efforts. · UN White Paper: The Inter-Agency Working Group on Artificial Intelligence released a White Paper examining the UN’s institutional models and frameworks for global AI governance. · Open-Source vs. Proprietary Models: The debate on open-source versus proprietary AI models highlighted the importance of open-source models in fostering innovation and transparency, alongside governance risk management. As we navigate the intricate landscape of AI governance, it is imperative to maximise AI’s benefits while diligently managing its risks. For more information, visit: https://lnkd.in/dBASj2BV #AIGovernance #AIforGood #AIGlobalSummit #ArtificialIntelligence #AIGovernanceDay #Innovation #AIRegulation #UNAI #AIFrameworks #TechPolicy #ITU #TrustworthyAI
Key findings on the state of global AI Governance - ITU
https://www.itu.int/hub
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It's great to see GOV.UK's press release on the UK's future AI assurance market. In the last couple of weeks I've attended multiple sessions on the importance of ethical AI and creating AI systems that support aspects of trustworthiness, fairness and safety. Hopefully the UK's interest in aspects of AI governance will make trust a competitive asset at a national level to help make it a good place to invest in future AI projects. It will be interesting to observe what countries besides Singapore it will be cooperating with. #aigovernance #aisafety #trust #nationalasset https://lnkd.in/eV_fV6fA
Ensuring trust in AI to unlock £6.5 billion over next decade
gov.uk
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Are you ready for the EU's AI Act? The act is not just about regulation but also about ensuring that AI is built on trustworthy and reliable foundations. A critical component in this is "AI-ready data", which ensures that the data driving AI systems is robust, transparent, and ethically sourced - a key part of our mission here at Verodat. We fully welcome this act and its emphasis on high-quality, AI-ready data, essential for compliance and innovation. https://lnkd.in/gcXWssCi
Balancing innovation and trust: Experts assess the EU's AI Act
https://www.artificialintelligence-news.com
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