On January 1, 2023, the New York City (NYC) Local Law 144, aka NYC bias audit law for automated employment decision tools, will go into effect. With only a few months left for organizations to be compliant, it is a good time to discuss the impact of this legislation and highlight the areas for improvement as the legislation starts to mature.
Last month, Credo AI in partnership with our investors, Sands Capital, kicked off our Realizing Responsible AI roundtable series in Washington, D.C. with policymakers, industry, academia and other key stakeholders in the Responsible AI space to discuss how to move from principles to practice.
Effective technology governance requires tools that understand what the technology is doing. This is especially true in the case of Artificial Intelligence (AI), where tools which explain and interpret what the AI is doing become critical.
I’m thrilled to announce that Credo AI has raised $12.8 million in Series A funding, led by Sands Capital with participation from our existing Series Seed investors Decibel VC and AI Fund.
We are honored that the World Economic Forum has designated Credo AI as one of this year’s Technology Pioneers, the organization’s annual acknowledgement of start-up and growth-stage companies with the potential to significantly impact business and society through new technologies.
Responsible AI is essential for ensuring that organizations build stakeholder trust in their use of AI. Today we are announcing the availability of the world’s first context-driven Responsible AI Governance Platform – one that meets an organization wherever it is in its AI governance journey.