Society of Actuaries joins U.S. AI Safety Institute Consortium
The Society of Actuaries Research Institute is joining the U.S. AI Safety Institute Consortium (AISIC), which was established by the Department of Commerce’s National Institute of Standards and Technology (NIST).
The SOA as well as more than 200 AI stakeholders including AI creators, academics, government and industry researchers and nonprofits, will support the development and deployment of the technology.
R. Dale Hall, FSA, managing director of research, Society of Actuaries Research Institute, told Digital Insurance via email: “We are excited to work with the U.S. AI Safety Institute Consortium and its partners from around the technology industry to support the ethical and responsible uses of safe and trustworthy AI. This consortium provides a unique opportunity for the SOA Research Institute to address AI security and its ethical use for the actuarial profession and insurance industry.”
U.S. Secretary of Commerce Gina Raimondo announced AISIC on Feb. 8 and that the consortium will contribute to actions President Biden outlined in an executive order on safe, secure and trustworthy artificial intelligence.
The member companies and organizations will focus on establishing foundations for a new measurement science in AI safety, according to the press release. The consortium will be housed under the U.S. AI Safety Institute.
Gina Raimondo, U.S. Secretary of Commerce, said in a statement:
“The U.S. government has a significant role to play in setting the standards and developing the tools we need to mitigate the risks and harness the immense potential of artificial intelligence. President Biden directed us to pull every lever to accomplish two key goals: set safety standards and protect our innovation ecosystem. That’s precisely what the U.S. AI Safety Institute Consortium is set up to help us do.”
Other members include Amazon, Apple, Google, Centre for the Governance of AI, O’Neil Risk Consulting & Algorithmic Auditing, Inc. (ORCAA) and Cyber Risk Institute.
