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We need regulatory innovation
just as much as we need tech innovation.
To help develop forward-looking policies around the development and use of new technology, we are launching Open Loop, a global strategic initiative and consortium to connect policymakers and technology companies to develop evidence-based policy recommendations.
Read Norberto Andrade’s Facebook AI blogpost on the launch of Open Loop here.
This report presents the findings and recommendations of the Open Loop’s policy prototyping program on AI Impact assessment, which was rolled out in Europe from September to November 2020.
As the report outlines, the results of Open Loop’s first policy prototyping experiment were very promising. Based on feedback from the companies we collaborated with, our prototype version of a law requiring AI risk assessments, combined with a playbook for how to implement it, was clearly valuable to the participants as a tool for identifying and mitigating risks from their AI applications that they may not have addressed otherwise.
The experiences of our partners highlighted how this sort of risk assessment approach can inform a more flexible, practicable, and innovative method to assessing and managing AI risks compared to more prescriptive policy approaches.