#USA #New York #AI Governance #Norm Ai #Compliance AI

Norm Ai Forms Strategic Advisory Boards for AI Governance

In the realm of artificial intelligence, responsible governance is becoming a primary concern as the technology rapidly advances. Responding to this need, Norm Ai, a company specializing in regulatory AI agents, is taking significant steps to define ethical and operational standards for AI agents used in heavily regulated sectors. They have announced the formation of two strategic advisory boards composed of prominent leaders across various industries.

Establishment of the AI Agent Advisory Committee

Norm Ai has initiated an AI Agent Advisory Committee, bringing together Chief Technology Officers and professionals specializing in AI strategies. Notable members include:

• - John Stecher, Chief Technology Officer at Blackstone
• - Jennifer Manry, Head of Corporate Systems at Vanguard
• - Sastry Durvasula, Chief Operating and Digital Officer at TIAA
• - Alex Cook, Senior Vice President at New York Life Insurance Company
• - Sri Viswanath, the former CTO at Atlassian and current CEO of Coatue Ventures

With the evolving landscape of AI, it's imperative that industry leaders collaboratively establish the guidelines for AI agent deployment. This committee aims to promote governance frameworks that prioritize human oversight alongside technological advancement. John Nay, CEO and Founder of Norm Ai, expressed pride in collaborating with such distinguished technology executives, describing the committee as a platform to spearhead avenues for developing robust policies and solutions for AI deployment.

Expansion of the Norm Ai Regulatory Advisory Board

In addition to the AI advisory committee, Norm Ai is also expanding its Regulatory Advisory Board, which will now include influential leaders who bring their regulatory expertise:

• - Marshall Sprung, Global Head of Compliance at Blackstone, previously Co-Chief of the SEC's Asset Management Unit
• - John Douglas, Chief Legal Officer at TIAA, previously a Partner at Davis Polk Wardwell
• - Matthew Watkins, Chief Compliance Officer at Coatue, previously Chief Compliance Officer at KKR Real Estate

Furthermore, Sandi Tillotson, Chief Compliance Officer at New York Life, has recently joined the board, lending additional expertise to the panel. The Regulatory Advisory Board will also feature former regulators like Susan Dudley, who served as White House Regulatory Czar under President George W. Bush, and Ben Lawsky, former Superintendent of New York State Department of Financial Services.

This development follows Norm Ai's successful fundraising effort, securing $48 million from high-profile investors, including Vanguard and Blackstone Innovations. The total funding raised to $87 million highlights the substantial backing from investors managing over $15 trillion in assets.

A Vision for Future Compliance AI Solutions

In conjunction with these strategic maneuvers, Norm Ai has appointed Troy Paredes, a former SEC Commissioner, as Senior Policy Advisor and Head of Capital Markets Strategy. His role will focus on accelerating the development of regulatory and compliance solutions powered by AI technologies.

Norm Ai's innovative approach includes transforming complex regulations into streamlined compliance AI systems, improving the performance of legal and compliance programs within large enterprises. The company's overarching goal is to lay down the infrastructure needed for the comprehensive monitoring and management of AI agents to ensure their compliance with relevant laws, regulations, and corporate policies.

In conclusion, Norm Ai's proactive measures in forming advisory boards and securing significant funding demonstrate a commitment to establishing best practices in AI governance. Their efforts are geared towards creating a safer, more efficient environment for implementing AI agents in crucial sectors. For additional information, visit norm.ai.