HCLTech signs European Commission's AI Pact to drive Responsible AI

HCLTech, a leading global technology company, has signed the European Commission's AI Pact, reinforcing its commitment to the responsible development and deployment of AI technologies internally and with clients.

The AI Pact, a voluntary framework launched by the European Commission, encourages organizations to take proactive steps towards ethical AI ahead of the full implementation of the EU's AI Act, the first comprehensive legal framework for AI. The pact mandates signatory organizations to take proactive steps to align with the Act's emphasis on safety, transparency and human oversight.

"As AI continues to reshape industries and societies, it's important that this technology is leveraged responsibly. By signing this pact, we're reinforcing our commitment to trustworthy development, deployment and use of AI systems and technologies, thus ensuring that they truly benefit society while minimizing risks and promoting transparency," said Heather Domin, Vice President, Responsible AI and Governance at HCLTech.

By joining this initiative, HCLTech has committed to:

- Adopting an AI governance strategy to foster the uptake of AI in the organization and work towards future compliance with the AI Act

- Identifying and mapping AI systems likely to be categorized as high-risk under the AI Act

- Promoting AI awareness and literacy among employees, ensuring ethical and responsible AI development

HCLTech has long embedded responsible AI practices across its operations, providing guardrails for accountability, fairness, security, privacy and transparency, enabling responsible use of the technology. To enable responsible AI practices internally and with clients, HCLTech has established an Office of Responsible AI and Governance. This office drives the implementation and innovation of responsible AI practices within HCLTech and capabilities in products and services.

Shares of HCL Technologies Limited was last trading in BSE at Rs. 1569.90 as compared to the previous close of Rs. 1579.10. The total number of shares traded during the day was 57658 in over 3216 trades.

The stock hit an intraday high of Rs. 1576.70 and intraday low of 1550.00. The net turnover during the day was Rs. 90461116.00.

Source : Equity Bulls

Keywords

HCLTechnologies INE860A01027 EuropeanCommission AIPact