NEW YORK - IBM (NYSE:IBM) has become a signatory of the European Commission's AI Pact, a commitment to adopt best practices for high-risk artificial intelligence (AI) systems, the company announced today. This move aligns with the forthcoming EU AI Act, which IBM has expressed support for in the past.
The AI Pact represents a voluntary agreement by companies to adhere to guidelines that aim to foster responsible AI development and deployment. By joining, IBM has pledged to develop AI governance strategies and work towards compliance with the EU AI Act. This includes conducting a comprehensive review of high-risk AI systems and promoting AI literacy and awareness among its employees and clients.
IBM's commitment to the AI Pact extends its ongoing efforts to ensure responsible technology implementation. The company has long advocated for ethical AI practices, and this new pledge builds on its existing framework for responsible AI deployment.
The European Commission's AI Pact and the EU AI Act are part of a broader initiative to establish a framework for AI that ensures safety, transparency, and accountability within the industry. IBM's participation in the pact is a step towards harmonizing AI practices across the industry and ensuring that AI systems are developed and used in ways that are beneficial and non-detrimental to society.
The company's decision to sign the pact is based on a press release statement and reflects IBM's continued commitment to responsible technology stewardship.
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