RAI Institute Joins Forces with Armilla AI to Enhance Responsible AI Adoption with Performance Guarantee

In a significant development for the AI industry, the Responsible AI Institute (RAI Institute), a nonprofit promoting an independent certification standard for artificial intelligence, has forged a strategic partnership with Armilla AI, a leading authority in AI risk mitigation and transfer. This collaboration aims to offer RAI Institute members with preferential access to Armilla AI's innovative verification and performance guarantee for AI products, which are supported by top-tier insurance providers.

Introducing Armilla Guaranteed

Armilla AI has recently introduced 'Armilla Guaranteed', a trailblazing performance warranty specifically designed for AI products. This new warranty program is endorsed by Armilla AI's global insurance partners, which includes well-regarded institutions like Swiss Re, Greenlight Re, and Chaucer.

Building Confidence in AI Deployment

The alliance between RAI Institute and Armilla AI enables members of the former to integrate a RAI Institute Product Assessment, compliant with the NIST AI Risk Management Framework, with the 'Armilla Guaranteed' warranty. As a result, enterprise members will be able to deploy AI solutions with increased confidence, backed by the assurance of both a rigorous assessment and insurance against performance deviations.

Strengthening Market-Driven Responsible AI

Enhancing trust in AI products is central to this partnership. Manoj Saxena, Chairman of the RAI Institute, expresses enthusiasm about this union facilitating the adoption of Responsible AI, which not only bolsters product quality but also helps companies stay compliant with international regulatory standards. Enterprises that adopt RAI Institute's assessments and earn Armilla's warranty stand to gain a competitive edge in the market.

Aligning with Global Standards

Karthik Ramakrishnan, the CEO and Co-Founder of Armilla AI, highlights Responsible AI as a foundational element of this venture, which is timely given the increasing scrutiny of AI solutions. He also points out the added benefit of verification and coverage that can expedite the adoption of robust AI technologies across various industries.

About the Responsible AI Institute

Established in 2016, the Responsible AI Institute (RAI Institute) has been at the forefront of facilitating responsible AI initiatives. With a comprehensive range of assessments and certifications, the Institute supports players in the AI landscape to ensure their products meet stringent standards of responsibility. The Institute's membership spans a diverse array of industry leaders, who are collectively working towards mainstreaming responsible AI.

About Armilla AI

Armilla AI pioneers in AI risk assessment and warranty solutions, supporting businesses to roll out leading-edge AI innovations confidently. The company takes pride in its advanced AI model risk evaluation technology, and its partnerships with top reinsurance companies, which strengthen its warranty offerings. As a recognized entity in the insurtech space, Armilla AI services a wide client base including burgeoning AI firms and prominent industry players.

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