Booz Allen Hamilton [BAH] on Wednesday said it has made a strategic investment in Credo AI, a small company that has developed a governance platform that helps customers maintain oversight and manage compliance, regulations and risk around their artificial intelligence projects.
The value of the investment wasn’t disclosed. San Francisco-based Credo AI has 27 employees.
Booz Allen said partnership will help it bring scalable responsible AI capabilities to its federal customers as regulations change and the pace of the technology accelerates. In addition to “cementing a long-term partnership” between the two companies, John Larson, executive vice president and head of Booz Allen’s AI practice, said the investment brings together their respective approaches to responsible AI.
“Collectively with Credo AI, we have a unique opportunity to continue to safely, securely, and fairly harness the transformative power of AI for our clients’ success by operationalizing responsible AI into the entire lifecycle of AI model development, testing, deployment, and monitoring,” Larson said in a statement. “As the adoption of AI grows throughout government, there has never been greater awareness or more pressing need to build and maintain AI systems with a clear understanding of their potential risk, as these systems shape everyday human experiences.”
Credo AI’s global base of customers include companies in the insurance, financial services, government, human resources, retail and high-technology areas.
“The Pentagon’s tech priorities were clearly laid out in the National Defense Strategy, with AI first and foremost,” Brian MacCarthy, senior vice president and tech exploration lead for Booz Allen Ventures, said in a statement. “As policymakers, federal leaders, and industry are focused on leveraging AI for mission success, we must also lay the groundwork for using this technology in ethical ways across research and development, procurement, adoption, and deployment.”