(Fortune)
As debate over regulating artificial intelligence roils Congress, the U.S. government will enter into a voluntary agreement with leading venture capital firms to encourage early-stage startups to develop AI responsibly.
“We need to have a framework of accountability, explainability, transparency,” Hemant Taneja, managing director of venture capital firm General Catalyst and founder of the think tank leading the initiative said at Fortune’s CEO Initiative Tuesday.
The plan, known as Responsible Innovation Labs (RIL), is a joint effort between the Commerce Department and several tech investors, led by General Catalyst. Investors who sign on will commit to funding early-stage AI companies—which have become extraordinarily popular in Silicon Valley as of late—under a set of voluntary safeguards meant to ensure responsible uses of the new technology.
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