MongoDB Announces Founding Membership in the U.S. Artificial Intelligence Safety Institute Consortium

Rhea-AI Summary

MongoDB, Inc. (NASDAQ: MDB) announced its founding membership in the U.S. Artificial Intelligence Safety Institute Consortium (AISIC) to develop standards for the responsible use of AI. The consortium, established by NIST under the U.S. Department of Commerce, aims to create safe and trustworthy AI by defining a new measurement science and promoting the development and responsible use of AI. MongoDB will provide expertise in various fields, including multi-cloud software systems, AI technologies, encryption techniques, and cybersecurity. The consortium, with over 200 member organizations, will work with industry, civil society, academia, and like-minded nations to set AI safety standards globally.

Market Research Analyst

The establishment of the U.S. Artificial Intelligence Safety Institute Consortium (AISIC) signifies a proactive approach toward standardizing artificial intelligence technology, which has far-reaching implications for the tech industry and the broader market. As a market research analyst, the focus is on how this initiative could shape market dynamics. The consortium's efforts to create benchmarks for AI safety can drive innovation in a structured manner, potentially leading to increased investor confidence in AI-centric companies. Moreover, the collaboration between such diverse sectors – including industry giants, startups and academic institutions – may accelerate the development of AI technologies, creating new market opportunities. This could result in a surge of investments in AI-focused ventures and an uptick in M&A activities as companies strive to align with emerging standards.

Cybersecurity Expert

From a cybersecurity perspective, the role of MongoDB as a founding member of AISIC is pivotal. MongoDB's expertise in encryption, data governance and cybersecurity is crucial in the context of AI safety. The development of new encryption techniques and data protection methods will be essential in securing AI systems against malicious use and data breaches. This is particularly relevant given the increasing prevalence of AI in critical infrastructure and sensitive applications. As these standards evolve, businesses that integrate these safety measures may see a competitive advantage, as well as a reduction in the risk of costly cyber incidents, which can significantly affect a company's financial health and reputation.

Legal Expert

Legally, the formation of AISIC and the involvement of the U.S. Department of Commerce indicates a movement towards more stringent regulatory frameworks for AI. This can have profound implications for compliance costs and operational risks for businesses in the AI space. The legal ramifications of non-compliance with these forthcoming standards could include penalties, restrictions, or even litigation. Companies that proactively engage with these standards may benefit from a 'first-mover' advantage, potentially influencing the regulatory landscape and mitigating legal risks. For investors, understanding these legal aspects is key to evaluating the long-term sustainability and regulatory exposure of AI investments.

New U.S. government AI safety institute brings together leaders from industry, government, academia, and non-profit organizations to develop standards for the responsible use of artificial intelligence

NEW YORK, Feb. 8, 2024 /PRNewswire/ -- MongoDB, Inc. (NASDAQ: MDB) today announced that it is a founding member of the U.S. Artificial Intelligence Safety Institute Consortium (AISIC), which was established by the National Institute of Standards and Technology (NIST) under the U.S. Department of Commerce. Leaders from industry, government, academia, and non-profit organizations participating in the consortium will work together with NIST to support its efforts to create safe and trustworthy artificial intelligence (AI). The consortium will focus on the most advanced AI systems, such as state-of-the-art foundation models, to assess the risk and impact of current and next-generation AI technology on individuals and society. By defining a new measurement science to identify proven, scalable, and interoperable techniques and metrics for testing and verifying the impact of AI systems, the consortium will create standards and guidelines that promote the development and responsible use of AI.

"We believe that technology driven by software and data makes the world a better place, and we see our customers building modern applications achieving that every day," said Lena Smart, Chief Information Security Officer at MongoDB. "New technology like generative AI can have an immense benefit to society, but we must ensure AI systems are built and deployed using standards that help ensure they operate safely and without harm across populations. By supporting the U.S. Artificial Intelligence Safety Institute Consortium as a founding member, MongoDB's goal is to use scientific rigor, our industry expertise, and a human-centered approach to guide organizations on safely testing and deploying trustworthy AI systems without stifling innovation."

As a founding member of the AISIC, MongoDB will draw on its extensive experience working with startups, enterprises, and governments that are continually building and deploying modern, mission-critical applications to provide expertise across multiple fields, including:

• Globally distributed, multi-cloud software systems that are highly performant, reliable, and secure.
• Vector embedding, storage, and retrieval technologies that power AI systems at scale.
• Developer experience engineering that integrates AI models and frameworks across programming languages and hyperscale cloud providers.
• First-of-its-kind encryption techniques, data governance, and cybersecurity technologies and methods that ensure data protection, lineage, and integrity.

"The U.S. government has a significant role to play in setting the standards and developing the tools we need to mitigate the risks and harness the immense potential of artificial intelligence. President Biden directed us to pull every lever to accomplish two key goals: set safety standards and protect our innovation ecosystem. That's precisely what the U.S. AI Safety Institute Consortium is set up to help us do," said Secretary of U.S. Department of Commerce Gina Raimondo. "Through President Biden's landmark Executive Order, we will ensure America is at the front of the pack—and by working with this group of leaders from industry, civil society, and academia, together we can confront these challenges to develop the measurements and standards we need to maintain America's competitive edge and develop AI responsibly."

The AISIC includes more than 200 member organizations that are on the frontlines of developing and using AI systems, as well as teams from civil society and academia that are building the foundational understanding of how AI can and will transform our society. These stakeholders represent the nation's largest companies and its innovative startups, creators of the world's most advanced AI systems and hardware, key members of civil society and the academic community, and representatives of professions with deep engagement in AI's use today. The consortium also includes state and local governments, as well as non-profit organizations. The consortium will also work with organizations from like-minded nations that have a key role to play in setting interoperable and effective AI safety standards around the world.

Additional information about the AISIC can be found on the consortium website.

About MongoDB
Headquartered in New York, MongoDB's mission is to empower innovators to create, transform, and disrupt industries by unleashing the power of software and data. Built by developers, for developers, MongoDB's developer data platform is a database with an integrated set of related services that allow development teams to address the growing requirements for today's wide variety of modern applications, all in a unified and consistent user experience. MongoDB has tens of thousands of customers in over 100 countries. The MongoDB database platform has been downloaded hundreds of millions of times since 2007, and there have been millions of builders trained through MongoDB University courses. To learn more, visit mongodb.com.

MongoDB Public Relations
press@mongodb.com

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SOURCE MongoDB, Inc.

FAQ

What is the U.S. Artificial Intelligence Safety Institute Consortium (AISIC)?

AISIC is a consortium established by NIST under the U.S. Department of Commerce to develop standards for the responsible use of artificial intelligence.

What is MongoDB's role in the AISIC consortium?

As a founding member, MongoDB will provide expertise in multi-cloud software systems, AI technologies, encryption techniques, and cybersecurity.

How many member organizations are part of the AISIC consortium?

The AISIC includes over 200 member organizations from industry, civil society, academia, and like-minded nations.

Who established the AISIC consortium?

The AISIC consortium was established by the National Institute of Standards and Technology (NIST) under the U.S. Department of Commerce.

What are the goals of the AISIC consortium?

The consortium aims to create safe and trustworthy AI by defining a new measurement science and promoting the development and responsible use of AI.