Jul 22, 2021

ICO launches AI risk assessment toolkit for businesses

AI
ICO
toolkit
Data
2 min
The ICO has launched a toolkit to help organisations using AI to process personal data understand the risks and ways of complying with data protection law

The Information Commissioner's Office (ICO) is launching a risk assessment toolkit for businesses so they can check if their use of AI systems breaches data protection laws.

The AI and Data Protection Risk Assessment Toolkit, now available in beta, draws upon the Guidance on AI and Data Protection, as well as the ICO’s co-badged guidance with The Alan Turing Institute on Explaining Decisions Made With AI. It is also part of their commitment to enable good data protection practice in AI.

The toolkit contains risk statements that organisations can use while processing personal data to understand the implications this can have for the rights of individuals. It will also provide suggestions for best practices that companies can put in place to manage and mitigate risks and ensure they're complying with data protection laws. 

According to the ICO, it’s based on an auditing framework, which was developed by its internal assurance and investigation teams following a call for help from industry leaders back in 2019. 

 

The importance of protecting personal data

 

The framework provides a clear methodology to audit AI applications and ensures they process personal data in compliance with the law. The ICO said that if an organisation is using AI to process personal data, then by using its toolkit, it can have high assurance that it is complying with data protection legislation.

"We are presenting this toolkit as a beta version and it follows on from the successful launch of the alpha version in March 2021," said Alister Pearson, the ICO's Senior Policy Officer for Technology and Innovation Service. "We are grateful for the feedback we received on the alpha version. We are now looking to start the next stage of the development of this toolkit.

"We will continue to engage with stakeholders to help us achieve our goal of producing a product that delivers real-world value for people working in the AI space. We plan to release the final version of the toolkit in December 2021."

Recently the ICO published their annual tracking survey where they found that 77% of people say protecting their personal information is essential. The main reasons given by the public for having a low level of trust and confidence (rating 1-2 out of 5) in companies and organisations storing and using their personal information are similar to those cited in 2020 and are centred around the belief that companies sell personal information to third parties, as well as concerns about data misuse, data hacking, and data leaks/breaches.

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Aug 3, 2021

Nvidia’s platform for AI startups passes 8,500 members

AI
Nvidia
platform
Startups
2 min
Nvidia has announced it is tracking more than 8,500 AI startups through its Inception AI startup programme

NVIDIA Inception, an acceleration platform for AI startups, has now surpassed 8,500 members. That’s about two-thirds of the total number of AI startups worldwide, as estimated by Pitchbook.

NVIDIA Inception is a programme built to accommodate every startup that is accelerating computing, at every stage in their journey. All programme benefits are free of charge and startups never have to give up equity to join.

Since Inception’s launch in 2016, it has grown more than tenfold. With total cumulative funding of over $60 billion and members in 90 countries, NVIDIA Inception is one of the largest AI startup ecosystems in the world. Growth has accelerated year over year, with membership increasing to 26% in 2020, and reaching 17% in the first half of 2021.

 

Data from across the world

 

Inception figures show the United States leads the world in terms of both the number of AI startups, representing nearly 27%, and the amount of secured funding, accounting for over $27 billion in cumulative funding. 42% of US-based startups were in California, with 29% in the San Francisco Bay Area. 

Behind the US is China, in terms of both funding and company stage, with 12% of NVIDIA Inception members based there. India comes in third at 7%, with the UK right behind at 6%.

AI startups based in the US, China, India, and the UK account for just over half of all startups in NVIDIA Inception. Following in order after these are Germany, Russia, France, Sweden, Netherlands, Korea and Japan.

 

Industry acceleration

 

In terms of industries, healthcare, IT services, intelligent video analytics (IVA), media and entertainment (M&E) and robotics are the top five in NVIDIA Inception. AI startups in healthcare account for 16% of Inception members, followed by those in IT services at 15%. 

More than 3,000 AI startups have joined Nvidia Inception since 2020. “Some countries are accelerating their ecosystem of AI startups by investing money and encouraging the local players to create more companies,” said Serge Lemonde, global head of Nvidia Inception, in an interview with VentureBeat.

“In our programme, what we are looking at is to help them all,” Lemonde said. “The lesson here is really having this window on the landscape and helping the startups all around the world — [this] is helping us understand the new trends. We can help more startups by developing our software  and platforms for the upcoming trends.”

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