On February 8, 2024 in Chicago, IL the Society of Actuaries (SOA) Research Institute unveiled their plans to contribute their expertise as a part of an initiative launched by the Department of Commerce aimed at promoting trustworthy and secure artificial intelligence. This consortium called U.S AI Safety Institute Consortium (AISIC), created by the National Institute for Standards and Technology(NIST), will bring together more than two hundred experts in Artificial Intelligence creation and usage including academics, governmental researchers along with civil society organizations with one common goal- meeting this mission. As one among these members SOA’s research institute intends on optimizing its own proficiency concerning AI safety matters while also focusing on ethical aspects by contributing towards actuarial profession & insurance industry development initiatives through engagement within AISIC’s activities.
R. Dale Hall, the Managing Director of Research at Society of Actuaries Research Institute, expressed his gratitude for being included in the National Institute of Standards and Technology’s Artificial Intelligence Safety Institute Consortium. Being a key player in AI research across various actuarial spheres as one of the largest associations globally undoubtedly played a role. He added that they are eager to share their knowledge with consortium partners to expedite responsible usage and reliable application progress on artificial intelligence advancements while guaranteeing safety regulations adherence.”
“The U.S. Secretary of Commerce, Gina Raimondo stated that the government has a crucial role to play in establishing standards and creating tools necessary for mitigating risks and maximizing potential in artificial intelligence. President Biden’s directive emphasizes two goals: setting safety regulations and safeguarding our innovation ecosystem, which is what the formation of the U.S AI Safety Institute Consortium aims to achieve. Through collaboration with industry leaders, civil society members as well as academics under President Biden’s Executive Order initiative ensures America remains at leading edge by facing challenges head-on while developing measurement protocols essential for maintaining competitive advantage through responsible AI development.”
Over 200 companies and organizations are part of the consortium, leading the development and implementation of advanced AI systems and hardware. The members include top corporations, innovative startups, academics studying how AI will impact society, as well as experts in professions that currently use AI extensively. This assembly represents the largest group assembled to test and evaluate these technologies thus far. Their primary objective is establishing new standards for measuring safety across a range of applications relating to artificial intelligence with state governments representing an important addition alongside non-profit firms seeking mutual goals globally through interoperable tools built together by like-minded nations actively working on creating safer networks surrounding this technology around world-wide jurisdictions carefully assessed via joint collaboration efforts concerned chiefly with securing safe outcomes overall under all circumstances cautiously created by interdependent autonomous units which must co-exist seamlessly over time implementing reliable policies providing better best practices at each step worked out jointly between participating parties from various perspectives who act collaboratively whomever cooperates efficiently without glitches or delays promoting more significant progress towards highly-secured conformity achieved faster while still fully functional in terms of IT requirementsolving any issues arising on-the-fly if required during prime mission priority objectives focused primarily upon ensuring dependable follow-throughs indispensable when dealing with advancing socio-economic upheaval empowered greatly now thanks mainly helped precipitate recent technological acceleration being tasked correspondingly imperative dynamic handling needed therein ever since undertaken transformative work shaping tomorrow’s intelligently informed decision-making processes effectively governably done moving forwards safely hence securely ensured responsiveness provoking less anxiety among those watching keenly their every move therefore kept strictly accountable at levels high enoughmaking sure they comply perfectly with auditing measures continually improving exemptional audit reports made publicly available regularly whereby entire global community gains greater insight regarding advancing dynamics tightly monitored closely so require full transparency maintained impeccably throughout duration
