{"id":754221,"date":"2023-05-03T08:17:03","date_gmt":"2023-05-03T12:17:03","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/booz-allen-selects-credo-ai-to-deliver-responsible-ai-solutions-to-the-us-federal-government\/"},"modified":"2023-05-03T08:17:03","modified_gmt":"2023-05-03T12:17:03","slug":"booz-allen-selects-credo-ai-to-deliver-responsible-ai-solutions-to-the-us-federal-government","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/booz-allen-selects-credo-ai-to-deliver-responsible-ai-solutions-to-the-us-federal-government\/","title":{"rendered":"Booz Allen Selects Credo AI to Deliver Responsible AI Solutions to the US Federal Government"},"content":{"rendered":"

<\/p>\n

Booz Allen Selects Credo AI to Deliver Responsible AI Solutions to the US Federal Government<\/b><\/p>\n

Strategic investment deepens expertise in operationalizing responsible AI at scale<\/i><\/p>\n

MCLEAN, Va.–(BUSINESS WIRE<\/a>)–Booz Allen Hamilton<\/a> (NYSE: BAH) today announced that its corporate venture capital arm, Booz Allen Ventures<\/a>, has made a strategic investment in Credo AI<\/a>, the pioneer of a responsible artificial intelligence (AI) platform that enables context-driven, comprehensive, and continuous governance, oversight, and accountability of AI. Focused on compliant, fair, transparent, and auditable AI solutions, Credo AI enables organizations to create AI with the highest ethical standards to leverage the technology\u2019s significant benefits while mitigating unintended negative consequences.<\/p>\n

\n\u201cCollectively with Credo AI, we have a unique opportunity to continue to safely, securely, and fairly harness the transformative power of AI for our clients\u2019 success by operationalizing responsible AI into the entire lifecycle of AI model development, testing, deployment, and monitoring,\u201d said John Larson<\/a>, executive vice president and head of Booz Allen\u2019s AI practice. \u201cAs the adoption of AI grows throughout government, there has never been greater awareness or more pressing need to build and maintain AI systems with a clear understanding of their potential risks\u2014as these systems shape everyday human experiences. We\u2019re excited about this partnership with Credo AI and how it will empower businesses, government, and military organizations to bring forward enterprise-wide governance and guardrails to mitigate risk and responsibly derive real value from AI projects\u2014with a focus on transparency, trust, privacy, equity, autonomy, data integrity, and regulatory compliance.\u201d<\/p>\n

\nToday, responsible AI is overwhelmingly solved through manual processes, best practices, and rules-based techniques that simply do not scale to unlock the true potential of AI. As the largest provider of AI services to the U.S. federal government, Booz Allen believes there is a more efficient way to bring responsible AI to the enterprise that allows us to match the pace of the rapidly changing regulatory environments and enable the continued evolution and scale of this emerging technology.<\/p>\n

\nThrough this partnership, Booz Allen will more seamlessly integrate responsible AI through Credo AI\u2019s governance software platform, leveraging its Policy Pack to rapidly operationalize the sea of emerging federal and agency-specific AI regulations, policies, and rules. In turn, this will allow Booz Allen to bring responsible AI directly into AIOps (model development, testing, deployment, and monitoring) technology pipelines and ecosystems, empowering compliance teams, AI\/machine learning (ML) engineering teams, and programmatic teams to efficiently meet regulatory, agency, or corporate responsible AI requirements while harnessing the scale and speed of the AI revolution.<\/p>\n

\n\u201cAI is emerging as a vital force for fortifying the United States’ competitive prowess amid a rapidly evolving global landscape,\u201d said Navrina Singh, founder and CEO of Credo AI. \u201cWe are eager to support the pursuit of innovation that is not only impactful\u2014but is also responsible. Our partnership with Booz Allen establishes a formidable platform to champion AI’s potential, while ensuring its responsible procurement, development, and deployment across the U.S. government. We look forward to laying the foundation for a future in which trust in this game-changing technology is unwavering and its value is maximized for the benefit of all.\u201d<\/p>\n

\nBooz Allen Ventures, the $100 million corporate venture capital arm of Booz Allen, is committed to investing in strategic dual-use, commercial technologies that will provide federal clients with disruptive technology for critical missions in areas including AI; cybersecurity; command, control, computers, communications, cyber, intelligence, surveillance, and reconnaissance (C5ISR); and emerging technology. Previous Booz Allen Ventures investments include, Hidden Level<\/a>, Latent AI<\/a>, Synthetaic<\/a>, and Reveal Technology<\/a>.<\/p>\n

\n\u201cAs the nation\u2019s adversaries invest heavily in AI for use across domains, it\u2019s critical that the U.S. government takes a lead role in delivering cutting-edge technology built on a foundation of ethics and responsibility,\u201d said Brian MacCarthy<\/a>, senior vice president and tech exploration lead for Booz Allen Ventures. \u201cThe Pentagon\u2019s tech priorities were clearly laid out in the National Defense Strategy, with AI first and foremost. As policymakers, federal leaders, and industry are focused on leveraging AI for mission success, we must also lay the groundwork for using this technology in ethical ways across research and development, procurement, adoption, and deployment. Credo AI is making this possible through their governance platform, enabling AI to be integrated into all aspects of operations\u2014responsibly.\u201d<\/p>\n

\nRead more about Booz Allen Ventures<\/a> and the firm\u2019s responsible AI work<\/a>.<\/p>\n

About Booz Allen Hamilton<\/b><\/p>\n

\nFor more than 100 years, military, government, and business leaders have turned to Booz Allen Hamilton to solve their most complex problems. As a consulting firm with experts in analytics, digital solutions, engineering, and cyber, we help organizations transform. We are a key partner on some of the most innovative programs for governments worldwide and trusted by their most sensitive agencies. We work shoulder-to-shoulder with clients, using a mission-first approach to choose the right strategy and technology to help them realize their vision.<\/p>\n

\nWith global headquarters in McLean, Virginia, our firm employs nearly 31,100 people globally as of December 31, 2022, and had revenue of $8.4 billion for the 12 months ended March 31, 2022. To learn more, visit www.boozallen.com<\/a>. (NYSE: BAH)<\/p>\n

\nBAHPR-CO<\/p>\n

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View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20230503005105\/en\/<\/a><\/span><\/p>\n

\nMedia Relations: Amanda Allison-Martini, Allison_Amanda@bah.com
\n<\/a>
Investor Relations: Nathan P. Rutledge, Rutledge_Nathan@bah.com<\/a><\/p>\n

KEYWORDS:<\/b> Virginia United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Technology Contracts Finance Security Professional Services Software Government Technology Artificial Intelligence Defense<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
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Booz Allen Selects Credo AI to Deliver Responsible AI Solutions to the US Federal Government Strategic investment deepens expertise in operationalizing responsible AI at scale MCLEAN, Va.–(BUSINESS WIRE)–Booz Allen Hamilton (NYSE: BAH) today announced that its corporate venture capital arm, Booz Allen Ventures, has made a strategic investment in Credo AI, the pioneer of a responsible artificial intelligence (AI) platform that enables context-driven, comprehensive, and continuous governance, oversight, and accountability of AI. Focused on compliant, fair, transparent, and auditable AI solutions, Credo AI enables organizations to create AI with the highest ethical standards to leverage the technology\u2019s significant benefits while mitigating unintended negative consequences. \u201cCollectively with Credo AI, we have a unique opportunity to continue to safely, securely, and fairly … <\/p>\n

Continue reading “Booz Allen Selects Credo AI to Deliver Responsible AI Solutions to the US Federal Government”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-754221","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nBooz Allen Selects Credo AI to Deliver Responsible AI Solutions to the US Federal Government - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/booz-allen-selects-credo-ai-to-deliver-responsible-ai-solutions-to-the-us-federal-government\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Booz Allen Selects Credo AI to Deliver Responsible AI Solutions to the US Federal Government - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Booz Allen Selects Credo AI to Deliver Responsible AI Solutions to the US Federal Government Strategic investment deepens expertise in operationalizing responsible AI at scale MCLEAN, Va.–(BUSINESS WIRE)–Booz Allen Hamilton (NYSE: BAH) today announced that its corporate venture capital arm, Booz Allen Ventures, has made a strategic investment in Credo AI, the pioneer of a responsible artificial intelligence (AI) platform that enables context-driven, comprehensive, and continuous governance, oversight, and accountability of AI. 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