New AI tool simplifies compliance with evolving AI regulations

Given the evolving scope of AI regulations and guidance being issued in the U.S. and abroad, it can be difficult for companies to keep up with all expectations.

That’s right there AI Policy Analyst appears. This is a new tool launched by Confidentialsoftware company based in Rosslyn, Virginia and DC RealLIST 2024 launches specializing in Artificial intelligence management strategy platforms. The analyzer uses generative artificial intelligence to assess whether a company’s policies are compliant with various standards in force around the world and does so in a simplified and automated way.

Key examples of these guidelines include the European Union’s Artificial Intelligence Act, the National Institute of Standards and Technology’s AI Risk Management Framework, and Colorado’s recently enacted Artificial Intelligence Consumer Protection Act. This range of international and domestic policies highlights just a few of the many policies that companies must navigate, especially if their operations are global.

Using the analyzer, companies can upload an existing AI policy document or select one of the templates created by Trustible. Here, users can select a specific regulation or guideline. According to co-founder and chief technology officer Andrew Gamino-Cheong, in less than a few minutes, companies will have visibility into any compliance gaps.

“Some of the people we talked to were trying to write their policies… and figure out… what do I need to do to change the current policy to be compliant?” Gamino-Cheong said.

“This is actually one of the most difficult tasks,” he added. “(It) requires a full understanding of the policy and a full understanding of what may be many different requirements under many different frameworks.”

AI Policy Analyzer Platform. (Courtesy of Trusted)

The Trustible team has been experimenting with this tool and Q&A features for some time, Gamino-Cheong said. However, once the EU Artificial Intelligence Act and other standards were made available to the public, the value of creating a tool like the Analyzer became clear.

These regulations, often hundreds of pages long, are difficult for the average person to understand and sort through, he said.

“Our analyzer asks over 100 questions about your policy and checks its compliance. And that’s where the value of this product really exploded the most for a lot of customers,” he said.

The CTO stated that the overall goal of this new product is to save time and money. Companies often turn to lawyers to develop and update AI policies. However, going through all the different policies will take a lawyer many hours and cost the company a lot of cash.

Additionally, because the standards are evolving so quickly and being developed by so many different entities, it may be difficult for a senior attorney or even a law firm partner to understand the nuances, he added.

Gamino-Cheong stressed that he and his team are open to feedback on the new tool. Users can mark answers from the analyzer as “good” or “bad” and certain sections as irrelevant depending on the company’s AI-enabled features.

Trustible’s customers are primarily large companies both in the US and abroad. When it comes to pricing, Trustible currently adjusts it for each organization.

The analyst does not fully guarantee the company’s compliance with various standards. Moreover, it enables enterprises to find vulnerabilities, Gamino-Cheong said.

“There’s actually a lot we can do to help organizations stay on top of what we call the external complexity of managing AI,” he said. “There are many new regulations, best practices and incidents that provide more information about risk profiles. This is essentially our way of automating and scaling their ability to stay on top of that external complexity.”

Contact Trustible to learn more about the tool.

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