On 7 June 2023, the Infocomm Media Development Authority announced the launch of the AI Verify Foundation (“Foundation“), which aims to harness the collective contributions of the global open-source community to develop the AI Verify testing tool for the responsible use of artificial intelligence (“AI“). The Foundation will look to boost AI testing capabilities and assurance to meet the needs of companies and regulators globally.
The responsible use of AI has become a key issue for organisations utilising AI systems and for regulators. In particular, the rise of generative AI throughout a plethora of use-cases across various industries has raised concerns about the resulting risks. To address this, the launch of the Foundation will support the development and use of AI Verify to address the relevant risks of AI. This Update sets out the premise and purpose of the Foundation, the key aspects of AI Verify, and how organisations may utilise the available resources for their use of AI.
For more information, click here to read the full Legal Update.
