EU AI Act Receives Applause from IBM for Advancing Artificial Intelligence

The European Union Parliament has adopted the EU AI Act, a regulatory framework prioritizing transparency, accountability, and human oversight in AI systems, with IBM expressing support and offering its expertise to help clients and stakeholders comply.

Establishes a framework prioritizing transparency, accountability, and human oversight in AI development and deployment
Instills trust and confidence in AI systems
Fosters innovation and competitiveness

In a move, the European Union (EU) Parliament has adopted the EU AI Act, a pivotal step towards establishing responsible AI regulation within the region. IBM, a important player in the tech industry, has expressed its support and appreciation for this monumental decision. The EU AI Act sets out a much-needed framework that prioritizes transparency, accountability, and human oversight in the development and deployment of AI technologies. While there is still work to be done to ensure effective implementation of the Act, IBM firmly believes that this regulation will not only instill trust and confidence in AI systems but also foster innovation and competitiveness.

Christina Montgomery, Vice President and Chief Privacy & Trust Officer at IBM, commended the EU for its leadership in passing comprehensive and intelligent AI legislation. The risk-based approach taken by the EU aligns perfectly with IBM’s commitment to ethical AI practices. Montgomery emphasized that this legislation will contribute to the creation of open and trustworthy AI ecosystems.

IBM is ready to offer its technology and expertise to aid clients and other stakeholders in complying with the EU AI Act and forthcoming global legislation. One such offering is IBM’s watsonx.governance product, which can play a pivotal role in ensuring adherence to the Act’s provisions. By leveraging these resources, stakeholders can unlock the immense potential of responsible AI.

For more detailed information on IBM’s commitment to ethical AI practices and its watsonx.governance product, interested parties can visit watsonx.governance and ibm.com/consulting/ai-governance.

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Background Information

About IBM:

IBM, or International Business Machines Corporation, is a globally American multinational technology company with a storied history dating back to its founding in 1911. Over the decades, IBM has consistently been at the forefront of innovation in the field of information technology. The company is known for its pioneering work in computer hardware, software, and services, with breakthroughs like the IBM System/360 and the invention of the relational database.