The potential of AI to touch and transform so many different industries is unprecedented. And so is the need to understand what’s at stake.
A new U.S. Artificial Intelligence Safety Institute Consortium (AISIC) established by the Department of Commerce’s National Institute of Standards and Technology (NIST) will bring together over 200 of the nation’s leading artificial intelligence (AI) stakeholders, including Regions Bank to support the development and deployment of trustworthy and safe AI.
As an AISIC member, Regions will be on the forefront of setting standards and guidelines that establish responsible use of AI for all U.S. companies, state and local government agencies, nonprofits and academia.
Additionally, the consortium will work with organizations from like-minded nations that have a key role to play in setting interoperable and effective safety around the world.
AI is a disruptive technology and it’s becoming more prolific in all areas of our lives. The need for common standards and practices is more important than ever to assure all Americans that AI is being used in a responsible way. I’m proud to be at Regions and to be part of this diverse group of companies and organizations working together to make AI a positive force for change and innovation.
Manav Misra, Chief Data & Analytics Officer
Participating in the AISIC also puts Regions at the front of AI-powered innovation while expanding on our commitment to a responsible AI landscape. As an active member of The Data & Trust Alliance Regions has been driving the adoption of responsible data and AI practices since joining in 2020.
The AISIC was created in response to and will contribute to the priority actions outlined in President Biden’s Executive Order on Safe, Secure and Trustworthy Artificial Intelligence, announced in October 2023.
See the full list of consortium participants on the National Institute of Standards and Technology website.