XH4D/Getty Images Singapore has released a draft governance framework on generative artificial intelligence (GenAI) that it says is necessary to address emerging issues, including incident reporting and content provenance. The proposed model builds on the country’s existing AI governance framework, which was first released in 2019 and last updated in 2020. Also: How generative AI … Read more
Governance, risk management and compliance — GRC for short — remains one of the most active startup areas in terms of VC investments. According to Tracxn, the private market data tracker, the roughly 1,500 vendors selling GRC software had received $28.7 billion in funding as of 2021. It’s no wonder there’s such high interest. GRC … Read more
MR.Cole_Photographer/Getty Images The United Nations (UN) has set up an advisory team to look at how artificial intelligence (AI) should be governed to mitigate potential risks, with a pledge to adopt a “globally inclusive” approach. The move comes amid new research that consumers neither trust businesses to adopt generative AI responsibly nor abide by regulations … Read more
Andriy Onufriyenko/Getty Images Singapore and the US have synced up their respective artificial intelligence (AI) frameworks to ease compliance and will continue to work together to drive “safe, trustworthy, and responsible” AI innovation. Singapore’s Infocomm Media Development Authority (IMDA) and the US National Institute of Standards and Technology (NIST) completed the joint mapping exercise between … Read more