Artificial Intelligence Risk Incident Database launches to keep legal, financial professionals smart about evolving AI Risk and regulations.

The AI ​​Responsibility Lab publishes “Mission Control – AI Insights”, the world’s most comprehensive intelligence platform for AI risk incidents: www.takecontrol.ai/insights.

LOS ANGELES, October 20, 2022 /PRNewswire/ — AI Responsibility Lab PBC, an enterprise SaaS company specializing in transformational automation with responsible artificial intelligence (AI), today released its latest product: Mission Control – AI Insights, a new one module in its flagship platform for responsible AI transformations. AI Insights is the world’s most comprehensive information and research platform for AI risk incidents. It helps legal, finance, and research teams stay current on the accelerating landscapes of AI risk, suspected incidents, and emerging global regulations. AI Insights offers a combination of intelligent automation and advanced filtering that helps teams shave hours of discovery and research time every week. AI Insights can be tested free of charge for 30 days at https://www.takecontrol.ai/insights.

The development and introduction of AI accelerates and changes industry and society alike. And not without negative effects: AI risks and damage arise as quickly as the technology itself evolves.

What used to be macabre science fiction has quickly become our reality. For example early October 2022 a coroner in the United Kingdom has included the Instagram recommendation algorithm as the officially listed cause of death of a teenage girl.

This comes as no surprise to those who study AI risks. The impact of AI risk is real, present and accelerating.

Today, the use of AI can exacerbate existing racial and sexual prejudices. Systems that drive important decisions about our lives—like access to credit and employment—often behave erratically or inexplicably. Algorithmic optimization is accused of accelerating genocide. There are massive environmental impacts of raw materials and energy that go into building and training AI systems. AI fundamentally challenges our notions of privacy, the inviolability of our personal data, and our autonomy itself. And ever more intelligent software and machines are changing the global work landscape and have the potential to massively displace human workers – despite increased productivity.

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The growing field of AI ethics and responsible AI works to understand, predict, and reduce the harm and risk posed by AI systems. Teams working in Responsible AI are merging research, ethics, technology and business transformation to create the missing frameworks, expertise and technologies that help companies reduce AI risk and improve their ROI from this transformative technology.

Increasingly, legal, financial and consulting firms are becoming involved in AI risks.

Legal teams are building AI harm cases, advising their clients on how to reduce AI risk, and navigating the evolving global regulations surrounding AI. In the financial sector, AI risk becomes brand risk and portfolio risk.

In response to the growing need of professional teams to manage AI risk, The AI ​​Responsibility Lab developed the AI ​​Insights platform.

“When we talk to legal teams, there is a desire to learn more about AI and help their clients here,” describes AIRL CEO Ramsay Brown. “But for many of them, this is outside their core competency. It keeps popping up. What we’ve seen is they lack tools and a community to build the understanding and inertia they need here. We saw that as an opportunity to help.”

AI Insights is the world’s most comprehensive information and research platform for AI risk incidents.

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AI Insights helps teams uncover valuable insights faster: pushed straight to their inbox. Automated smart filters enable advanced logical combinations of searchable tags: for company, risk factors (e.g. racial prejudice, job displacement, privacy) and geographic regions. This helps busy teams separate signal from noise and only get the accurate alerts they care about.

It aggregates thousands of data streams to monitor the evolving AI risk landscape; Consolidate them into a single private dashboard, database and automated notification system. As a facet of the growing legal technology landscape, AI Insights inserts breaking news and updates into the AI ​​Risk vocabulary: each article is flagged, labeled and enriched with meaningful expert analysis. New risk incidents are recorded daily.

AI Insights is the latest release from The AI ​​Responsibility Lab. It is an extension of their flagship Responsible AI transformation platform Mission Control. Mission Control is a SaaS platform for accelerating responsible AI transformation. For teams in exploratory stages of Responsible AI maturity, Mission Control improves education, buy-in and a stronger Responsible AI culture. For advanced teams, Mission Control enables intelligent no-code governance automation. Now organizations can bridge the inevitable gaps between AI governance audits and the AI ​​artifacts themselves: with data integrations, inference engines, and smart trigger logic in an event-driven environment. Mission Control helps teams fix the fundamental coordination and visibility flaws that lead to waste and damage and operationalize their AI governance efforts.

Getting this right is big business as the world’s most successful companies recognize the role responsible AI plays in their success; A 2022 Accenture survey of hundreds of global C-suite executives shows a strong appetite for responsible AI transformation: 69% of respondents said their organizations already have some level of AI governance in place, and more than 80% of respondents indicated that by 2024, 10% or more of their total AI budget will be dedicated to meeting regulatory requirements. In addition to the benefits of technical excellence that AI governance brings, executives see the wave of upcoming global AI regulations as a powerful motivator to take a proactive stance.

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“As fast as the current pace of AI development is, we know it is only accelerating. And the impact on all of our lives cannot be underestimated. Helping legal and professional teams build the skills and workflows they need The need to protect AI must be part of the better world we must build together,” said Brown.

Access to Mission Control – AI Insights is publicly available at https://www.takecontrol.ai/insights. AI Insights can be tested free of charge for 30 days.

About AIRL:

The AI ​​Responsibility Lab PBC (AIRL) accelerates the transformation of Responsible AI. AIRL develops the software and ideas needed for every nation, company and individual to use AI effectively and safely. Today that starts with Mission Control: No-Code AI Governance Automation to Accelerate Responsible AI. AIRL is a venture backed, los Angeles-based Public Benefit Corporation backed by Stage Venture Partners, OCA Ventures, Royal St. Ventures, Vibe Capital and Protocol Labs. Learn more at www.takecontrol.ai.

Media contact:
Ramsay Brown.
CEO, The AI ​​Responsibility Lab PBC.
[email protected]

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SOURCE The AI ​​Responsibility Lab

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