Facebook on Sunday said it will create an independent Institute for Ethics in Artificial Intelligence (AI) with an initial grant of $7.5 million (roughly Rs. 53 crores).
In collaboration with the Technical University of Munich (TUM) in Germany, the institute will help advance the growing field of ethical research on new technology and will explore fundamental issues affecting the use and impact of AI.
"The institute will conduct independent, evidence-based research to provide insight and guidance for society, industry, legislators and decision-makers across the private and public sectors," said Joaquin Quinonero Candela, Director, Applied Machine Learning, at Facebook.
The institute will address issues that affect the use and impact of AI, such as safety, privacy, fairness and transparency.
"At the TUM Institute for Ethics in Artificial Intelligence, we will explore the ethical issues of AI and develop ethical guidelines for the responsible use of the technology in society and the economy," said Professor Dr Christoph Lutge.
The institute will also benefit from Germany's position at the forefront of the conversation surrounding ethical frameworks for AI "including the creation of government-led ethical guidelines on autonomous driving" and its work with European institutions on these issues.