FairNow

What happens when AI claims don't match reality? The FTC is watching and making sure there are consequences. Under the FTC’s proposed consent order, IntelliVision Technologies, a vendor of AI-powered facial recognition software, would be prohibited from making misrepresentations about the performance of their AI capabilities. What were the FTC’s complaints? - IntelliVision claimed its AI was completely free of racial or gender bias – but didn’t have the evidence to support this. - They claimed their software was trained on a data sample of millions of faces – but the true number of unique faces was closer to 100,000. - Lastly, they lacked sufficient evidence to claim that their AI was robust and could not be “spoofed” with photos or videos. What are the implications? As with the FTC’s previous enforcement efforts against five AI developers in September, this is a sign they are watching and taking action. Companies should take steps to ensure that their claims are substantially supported by the evidence, and avoid exaggerations that stretch the truth. Read the FTC’s press release below, linked in the comments. #FTC #AIgovernance #responsibleAI

Thanks for the feature, Jason Bloomberg! It's great to see reporting on such an important topic.

We're honored that FairNow was one of 3 companies selected (out of 60+ startups) to pitch live to investors and an audience at the Philadelphia Alliance for Capital and Technologies (PACT) conference. Guru Sethupathy was able to share FairNow's story in the Lion's Den, a 'Shark Tank' style pitch competition, raising money from investors excited about FairNow's mission. Last week, he sat down with Zachary Brand to share more about his experience and FairNow's story. Podcast link in comments, check it out! Thank you PACT and the Lion's Den!

🔔 The UK's ICO found "some considerable areas for improvement" in its voluntary audit of AI recruitment tools. Review their 7 recommendations for AI providers and recruiters below. Here's the full report. Happy reading! https://lnkd.in/etW-4NTy

Many powerful new AI products have come onto the market in the past two years, but companies have been hesitant to adopt them. What is holding up adoption (and your sales cycles), and what you can do? Demonstrate that your AI is trustworthy and compliant with FairNow. Check us out to get started: https://lnkd.in/eWV9rYc9 #AIGovernance, #AICompliance, #AIVendors, #HRTech

Looking forward to this, Transform! 🚀 We're excited for our CEO Guru Sethupathy to be speaking about the future of AI in HR and the ways to stay ahead of major risks and compliance challenges that come along with AI adoption. Key focus areas will include: ➡️ Opportunities to harness AI in HR to maximize your ROI ➡️ The risks that come with adopting AI ➡️ How governance best practices can reduce your risk Who's coming? #Transform2025 #FutureOfWork #AIinHR

🎧 Ensuring Trust & Compliance in AI: A Conversation with Guru Sethupathy Fairnow’s CEO, Guru Sethupathy, recently joined M. Darius Gant, CPA, on the Tesoro AI podcast to discuss the pressing need for strong AI governance and risk management frameworks as AI continues to expand across industries. Their conversation touches on the challenges organizations face in: - integrating AI - ensuring trustworthiness - complying with evolving regulations Tune in to the full conversation here: https://lnkd.in/eveFc2Vx #AI #AIGovernance #RiskManagement #TechInnovation #Leadership #ArtificialIntelligence

Thanks to our friends at Plum for featuring this important topic: the critical role of bias audits in talent assessments. Our CEO, Guru Sethupathy, shares insights in the latest Plum blog on why bias audits are essential for equitable talent assessments. Key Takeaways: ➡️ AI can improve efficiency, efficacy, and candidate experience. ➡️ However, without proper oversight, AI can reinforce existing biases. ➡️ Regular bias audits are critical for fair outcomes. Why It Matters: 🔍 Bias audits systematically review AI systems to ensure fair treatment across demographics. 📈 With regulations like NYC's Local Law 144, compliance is non-negotiable. 👉 Read the full piece here: https://lnkd.in/eqBw5mHU #AIGovernance #ResponsibleAI #Talent #EthicalAI #BiasAudits

In his latest Forbes article, our CEO, Guru Sethupathy explains how robust AI governance can turn into a competitive edge for your organization. Here’s a quick breakdown: ➡️ Why AI Governance Matters: Think of it as the foundation for building trust, especially in high-stakes fields like HR, finance, insurance, and healthcare. ➡️ Detailed Steps to Implement AI Governance:  The eight steps to building a resilient AI governance program. ➡️ How Governance Drives Innovation: Effective governance can actually accelerate AI adoption and reduce risks, giving companies a strategic advantage. AI is transforming industries, but only those who manage it responsibly will thrive. 🔗 Read the full piece here: https://lnkd.in/ePCzJACR #AIGovernance #ResponsibleAI #ForbesTech #Innovation #AIethics

Our own Stephen Jordan was quoted in Techopedia on some of the latest news in generative AI model releases! Check it out here: https://lnkd.in/ekbit_d8 #genai #llm #multimodal #nvidia