{"id":2689,"date":"2024-02-09T10:22:48","date_gmt":"2024-02-09T06:52:48","guid":{"rendered":"https:\/\/footofan.com\/en\/?p=2689"},"modified":"2024-02-09T10:22:48","modified_gmt":"2024-02-09T06:52:48","slug":"mastercards-principles-for-responsible-ai-development","status":"publish","type":"post","link":"https:\/\/footofan.com\/en\/business\/mastercards-principles-for-responsible-ai-development\/","title":{"rendered":"Mastercard’s Principles for Responsible AI Development"},"content":{"rendered":"

Financial services giant Mastercard announced its participation in the newly formed U.S. AI Safety Institute Consortium (AISIC<\/a>) alongside the U.S. Department of Commerce. This collaborative effort aims to establish crucial national standards for trustworthy artificial intelligence (AI).<\/p>\n

The consortium brings together a diverse pool of experts, including AI developers, users, researchers, Fortune 500 companies, academic institutions, non-profit organizations, and other government agencies. Their combined knowledge and experience will inform research and guidance on key AI safety issues, laying the groundwork for future policies and regulations.<\/p>\n

“Unlocking the full potential of AI hinges on building trust in the technology,” emphasizes Mastercard CEO Michael Miebach. “This starts with creating a unified set of meaningful standards that safeguard users and foster inclusive innovation. The public-private partnership spearheaded by AISIC is vital to achieving this goal and bolstering responsible AI development.”<\/p>\n

Mastercard firmly believes that responsible technology development necessitates prioritizing ethical practices that respect and protect individual rights and societal well-being. This commitment fuels their dedication to evolving a robust set of guiding principles. By sharing their experiences with partners, regulators, and policymakers, Mastercard hopes to contribute significantly to the future of responsible AI through AISIC.<\/p>\n","protected":false},"excerpt":{"rendered":"

Mastercard Joins Forces with U.S. Government to Shape the Future of Safe and Ethical AI<\/p>\n","protected":false},"author":2,"featured_media":2691,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[5,20],"tags":[565,566,431],"class_list":["post-2689","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-top","tag-ai","tag-aisic","tag-mastercard"],"yoast_head":"\nMastercard's Principles for Responsible AI Development<\/title>\n<meta name=\"description\" content=\"Mastercard Joins Forces with U.S. Government to Shape the Future of Safe and Ethical AI\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/footofan.com\/en\/business\/mastercards-principles-for-responsible-ai-development\/\" \/>\n<meta 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