Item - 2024.TA7.1

Tracking Status

This item was considered by Toronto Atmospheric Fund on July 18, 2024 and was adopted without amendment.

TA7.1 - Responsible AI Framework

Decision Type:: ACTION

Status:: Adopted

Board Decision

The Board of Directors of the Toronto Atmospheric Fund:

1. Received the item for information.

Decision Advice and Other Information

The Senior Manager, AI Risk, Risk Consulting, Ernst and Young gave a presentation on Responsible AI Framework Discussion with the Atmospheric Fund Board.

Origin

(July 4, 2024) Report from Chief Executive Officer, Toronto Atmospheric Fund

Summary

Yara Elias, EY Canada’s Senior Manager, AI Risk, Risk Consulting, will provide a presentation on Artificial Intelligence (AI) risk and governance considerations. She leads EY Canada’s AI adoption and responsible use practice and will profile some key considerations regarding the duties of Board members and respond to questions.

Background Information

(July 4, 2024) Report from the Chief Executive Officer on Responsible AI Framework
https://www.toronto.ca/legdocs/mmis/2024/ta/bgrd/backgroundfile-247603.pdf
Presentation from Ernst and Young on Responsible AI Framework Discussion with the Atmospheric Fund (TAF) Board
https://www.toronto.ca/legdocs/mmis/2024/ta/bgrd/backgroundfile-247777.pdf

Motions

Motion to Adopt Item moved by Stuart Galloway (Carried)