The Society of Actuaries (SOA) Research Institute has announced its participation in the U.S. AI Safety Institute Consortium (AISIC), a Department of Commerce initiative aimed at advancing the development and deployment of safe and trustworthy artificial intelligence (AI). With over 200 leading AI stakeholders from various sectors, the consortium will bring together AI creators and users, academics, government and industry researchers, and civil society organizations to support this mission.
As a member of the consortium, the SOA Research Institute will contribute its expertise in AI security and ethical use, specifically focused on the actuarial profession and insurance industry. The Society of Actuaries, as the world’s largest actuarial association, is actively involved in AI research across all areas of actuarial practice.
R. Dale Hall, Managing Director of Research at the Society of Actuaries Research Institute, expressed their honor in being part of the consortium and their commitment to collaborating with partners to accelerate the progress and implementation of responsible AI use.
The U.S. government recognizes the importance of setting standards and developing tools to mitigate the risks associated with AI while harnessing its potential. Gina Raimondo, U.S. Secretary of Commerce, stated that the consortium aligns with President Biden’s goals of setting safety standards and protecting the innovation ecosystem. Through the consortium, the U.S. aims to maintain its competitive edge and develop AI responsibly.
The AISIC consortium encompasses a wide range of participants, including major companies, startups, civil society and academic teams, and representatives from professions currently engaged in AI use. It represents the largest collection of test and evaluation teams established to date and will focus on establishing a new measurement science in AI safety. The consortium also includes state and local governments, non-profit organizations, and like-minded nations to develop effective tools for safety worldwide.
In conclusion, the SOA Research Institute’s participation in the AISIC consortium highlights its commitment to leveraging its AI security expertise and promoting the responsible use of trustworthy AI. By joining forces with other leading AI stakeholders, the consortium aims to advance the development and deployment of safe AI while setting standards and developing tools to mitigate associated risks.
