Algorithms have revolutionized the way we develop, design, and deploy AI models, but it is increasingly important to ensure that they are utilized responsibly. Responsible AI is more than the adherence to ethical and regulative guidelines; it is essential for creating more accurate and effective AI models.
GPT-4, the most advanced version of OpenAI’s large-language model, is trained on the internet’s text and images, both of which are full of mistakes and fabrications. This has the potential to create inaccurate and less intelligent AI models, which can cause harm and trust issues between humans and AI systems. Nevertheless, proper AI governance can help create more accurate and trustworthy AI models by ensuring they perform as expected and fulfill their ethical purpose.
The EU’s General Data Protection Regulation, signed into law in 2016 and implemented in 2018, is an example of legislations aiming to ensure user privacy and data compliance. Enterprises quickly realized that they needed software to track the usage and processing of consumer data, leading the way for companies such as OneTrust to emerge. OneTrust provides an AI platform to help companies manage their data privacy obligations.
The U.S. is also seeing the emergence of AI regulations, with federal proposals such as the AI Bill of Rights and the Algorithm Accountability Act of 2022, as well as cities like New York and states like California introducing laws related to automated employment decision systems and insurance sectors. Such regulations will put financial penalties on companies non-compliant with AI standards, further driving the need for software solutions to manage the ethical and regulation challenges of AI.
Software solutions are necessary for tracking compliance, providing accurate reporting and insights, and most importantly, developing more accurate and ethical AI models. By leveraging technology to tackle these challenges, we can increase trust, protect against harm and improve AI performance. By embracing our responsibility for AI, businesses and organizations can ensure the successful integration of AI and maximize its potential to create a better future for everyone.
