Panel: Digital Transformation with Responsible AI

Conference: Transform X 2021

2021-10-07

Authors: Beena Ammanath, Karen Silverman, Caroline Lair, Kay Firth-Butterfield

Summary

The speaker discusses a loose framework for responsible AI development and highlights the importance of accountability, behavioral alignment, continuous monitoring, and documentation. Startups are also mentioned as important players in the responsible AI space.

Startups are important players in the responsible AI space and often have the most to lose by getting it wrong
A loose framework for responsible AI development includes accountability, behavioral alignment, continuous monitoring, and documentation
Developers should ask boundary and purpose questions to ensure the tool is aligned with desired outcomes
Incentives should be aligned with desired outcomes to avoid undermining the development process
Continuous monitoring is important to stay vigilant around the actual impact of the tools
Documentation is important to demonstrate the seriousness with which responsible AI is taken
Frameworks for responsible AI development are necessary until regulations are developed, adopted, and tested

The speaker mentions a startup working on producing fair algorithms that are not biased on gender in the recruitment area. Startups are seen as vehicles that move quickly and are able to iterate in a limited time, attracting young change makers and new ways of thinking. The speaker also notes that startups often have limited means, but are fortunate to have investors who are more interested in sustainable and ESG investing.

Abstract

Hosted by The World Economic Forum. With the continued acceleration and adoption of artificial intelligence, businesses and business leaders are facing more challenges to ensure AI systems are trustworthy, are being developed ethically and equitably while respecting individuals’ privacy. In this expert panel, we discuss policy frameworks to help realize the benefits of AI while mitigating the risks and how tech companies can and should partner with the public sector.

Materials:

Tags:

ethics

policy

privacy