• Home
  • Latest
  • Coins2Day 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
TechAI

CEOs of America’s biggest companies detail how to achieve ‘responsible A.I.’

Jeremy Kahn
By
Jeremy Kahn
Jeremy Kahn
Editor, AI
Down Arrow Button Icon
Jeremy Kahn
By
Jeremy Kahn
Jeremy Kahn
Editor, AI
Down Arrow Button Icon
January 26, 2022, 2:00 AM ET

An influential lobbying group composed of the chief executives of large U.S. Corporations, is wading into the thorny topic of artificial intelligence by making sweeping recommendations for how businesses and government should deal with the technology.

In two documents to be published Wednesday by The Business Roundtable spells out how businesses should responsibly deploy artificial intelligence to avoid harms that range from racist chatbots to facial recognition algorithms have led to false imprisonment of Black suspects. The group also issued recommendations for how government should regulate A.I. At a time when Congress is considering a broad crackdown on the tech industry and the industry’s critics are raising alarm bells over businesses using A.I. To create a dystopian future of mass surveillance and limited human autonomy.

For companies, the Roundtable’s roadmap lays out 10 core principles, among them the need to have diverse teams building A.I. Products, the need to mitigate unfair bias, and the need to design A.I. Systems whose actions are as explainable and as transparent as possible. The group also spelled out 10 principles for government, such as that regulation should be industry-specific, that government should apply and adapt existing rules whenever possible rather than enacting new ones, and that it should provide support to businesses that want to train or retrain workers.

The documents, the first of their kind to have been developed through an entirely CEO-led process, could serve as important guideposts for companies of all sizes that are hoping to develop and deploy A.I. They also show how companies are trying to influence U.S. Lawmakers and regulators to implement more business-friendly rules that will not impede companies hoping to use the increasingly pervasive technology to cut costs and increase revenue.

Julie Sweet, Accenture’s CEO and leader of the Business Roundtable technology committee that developed the two documents, told Coins2Day that the group’s work coincides with companies starting to widely use A.I. Across their business. The organization, she said, felt it needed to “act now to ensure that as we deploy at scale, we’re able to do so for the benefit of all, responsibly.”

Sweet added that these principles for “responsible A.I.” Must be built into the increasingly autonomous systems companies are creating from the beginning. “You cannot reverse engineer responsible A.I.,” she said.

Sweet said that industry-specific A.I. Regulation, and trying to adapt existing laws whenever possible, was important to avoid creating a confusing patchwork of overlapping rules that would slow innovation and add cost. “We really believe based on our experience, that it’s going to be important that we update and embed [A.I.] In existing regulation, because otherwise you’re going to have ambiguity,” she said. You’re going to have complications, you’ll have increased cost.”

This differs from the approach that the European Union has taken. Last year, the EU proposed a new Artificial Intelligence Act that would govern the use of the technology across different industries. That law is currently making its way through the bloc’s rule-making process. The U.K. Has also considered laws that would govern the use of A.I. And algorithms across different industries. In the U.S., lawmakers proposed a similar federal Algorithmic Accountability Act in 2019, but the proposed law never made it out of various Congressional committees.

Sweet said that the Roundtable did not think such an over-arching approach would work well in the U.S., which already has so many competing, industry-specific rules between the federal and state level. At the same time, the Roundtable is calling on U.S. Regulators to engage internationally to try, as much as possible, to harmonize the U.S. Approach to governing the technology with what is happening elsewhere.

While many other A.I. Ethics frameworks stop at these sort of broad principles, the Roundtable document is notable for including some specific guidance for how to implement each of these points. On the other hand, except in a few instances, it is not as prescriptive as some A.I. Ethics advocates may have wished.

Sweet said the group had wanted to give companies concrete recommendations that C-suite executives could use, while acknowledging that A.I. Remains a new and rapidly-changing area and that different industries and use cases may require different specific methods. “We started with a very simple tenet, which is that, regardless of industry, there are certain key principles that are above industry and those are all about safety, effectiveness and trust,” she said.

For instance, in the area of how to make A.I. Systems transparent and explainable, the document says that companies should always tell “end users” when they are interacting with a piece of A.I. Software, such as a chatbot, rather than a human. The group says companies should as much as possible try to explain how an A.I. Arrives at its output—something that can be challenging in modern A.I. Software— but does not specify an exact technique for doing so. It also says that different end users may require different levels and types of explanations.

Sweet said the Roundtable’s responsible A.I. Frameworks came together quickly, with discussions among CEOs only starting in July 2021. Sixty-one CEOs from 18 different industries were directly involved in helping to craft the document, Sweet said, while the views were solicited through surveys and workshops from the more than 230 companies that Roundtable members. The final documents represent the consensus view, she said.

Never miss a story: Follow your favorite topics and authors to get a personalized email with the journalism that matters most to you.

About the Author
Jeremy Kahn
By Jeremy KahnEditor, AI
LinkedIn iconTwitter icon

Jeremy Kahn is the AI editor at Coins2Day, spearheading the publication's coverage of artificial intelligence. He also co-authors Eye on AI, Coins2Day’s flagship AI newsletter.

See full bioRight Arrow Button Icon

Latest in Tech

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Rankings
  • 100 Best Companies
  • Coins2Day 500
  • Global 500
  • Coins2Day 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Coins2Day Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Coins2Day Brand Studio
  • Coins2Day Analytics
  • Coins2Day Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Coins2Day
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Tech

AIChatbots
Being mean to ChatGPT can boost its accuracy, but scientists warn you may regret it
By Marco Quiroz-GutierrezJanuary 13, 2026
3 hours ago
AIGoldman Sachs Group
‘Humans could go the way of horses’: Goldman calculated how bad the AI ‘job apocalypse’ will be—and its analysts were pleasantly surprised
By Jim EdwardsJanuary 13, 2026
3 hours ago
Mark Zuckerberg
Future of WorkMeta
Meta is changing its performance review to reward output over effort, taking a page from Amazon and X
By Jake AngeloJanuary 13, 2026
3 hours ago
Warren Buffett on the phone
SuccessProductivity
Gen X CEO uses AI versions of Steve Jobs and Warren Buffett as a ‘fantasy board of directors’ to help him prepare for meetings and performance reviews
By Preston ForeJanuary 13, 2026
4 hours ago
Mercor Founders - Adarsh Hiremath, Brendan Foody
AIskills
Chief people officers—and Jamie Dimon—say AI can’t learn ‘human skills.’ The world’s youngest self-made billionaires want to prove them wrong
By Jake AngeloJanuary 13, 2026
4 hours ago
Successthe future of work
Robot surgeons in 3 years, longer lifespans, and no need for retirement savings: Elon Musk shares 4 bold predictions for the future of work
By Orianna Rosa RoyleJanuary 13, 2026
5 hours ago

Most Popular

placeholder alt text
Economy
Treasury spent $276 billion in interest on the national debt in the final three months of 2025, says the CBO—up $30 billion from a year prior
By Eleanor PringleJanuary 12, 2026
1 day ago
placeholder alt text
Economy
‘Sell America’: Investors dump U.S. assets in fear of the end of Fed independence
By Jim EdwardsJanuary 12, 2026
1 day ago
placeholder alt text
Newsletters
The oil CEO who stood up to Trump is a follower of the disciplined 'Exxon way' and has a history of blunt statements
By Jordan BlumJanuary 13, 2026
10 hours ago
placeholder alt text
Tech
Elon Musk asked people to upload their medical data to X so his AI company could learn to interpret MRIs and CT scans
By Sasha RogelbergJanuary 11, 2026
2 days ago
placeholder alt text
Success
An exec at $62 billion giant Colgate says Gen Z workers, despite getting flak for being woke and lazy, are actually ‘pushing us to get better’
By Emma BurleighJanuary 10, 2026
3 days ago
placeholder alt text
Real Estate
'Something big' just happened in the U.S. housing market, real estate CEO says. And it could mean the difference of being able to buy a home or not
By Sydney LakeJanuary 12, 2026
1 day ago

© 2025 Coins2Day Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Coins2Day Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.