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28 November 2022

Foundations For Good AI Governance (Video)

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Norton Rose Fulbright

Contributor

Norton Rose Fulbright provides a full scope of legal services to the world’s preeminent corporations and financial institutions. The global law firm has more than 3,000 lawyers advising clients across more than 50 locations worldwide, including London, Houston, New York, Toronto, Mexico City, Hong Kong, Sydney and Johannesburg, covering Europe, the United States, Canada, Latin America, Asia, Australia, Africa and the Middle East. With its global business principles of quality, unity and integrity, Norton Rose Fulbright is recognized for its client service in key industries, including financial institutions; energy, infrastructure and resources; technology; transport; life sciences and healthcare; and consumer markets.

Organisations are increasingly using artificial intelligence (AI) to capitalise on the potential of its transformative power.
United Kingdom Technology

Organisations are increasingly using artificial intelligence (AI) to capitalise on the potential of its transformative power. From virtual assistants, to systems that make recommendations for hiring, to automating decisions for credit, to behavioural analysis to better serve a customer segment (to name only a few), AI is being integrated across the value chain in all business domains. The features of many AI systems provides novel challenges to governance, including issues of bias, discrimination, lack of transparency, and the need to explain and justify decision processes.

AI has drawn concern from regulators. There is now a clear trend toward increased regulation to ensure its use is safe and ethical.

Good AI governance is essential to mitigate against material AI risk.

Here are some practical steps all organisations can take now.

Read our brochure

To view the video please click here.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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