The council brings together the Brookings Institution, CUNY, the Federal Reserve Bank of New York, Mastercard, Microsoft, Nasdaq, Plug and Play, SUNY, University of Central Florida, and Visa with the goal of maximizing technology to jointly solve specific issues of interest to the industry.
“The goal of the newly created NCAI is to establish a pragmatic coalition with public-private partnerships in the financial services sector to identify and address significant societal and industry barriers,” said Gretchen O’Hara, vice president of AI and sustainability strategy, Microsoft U.S. “I am excited about the launch of our distinguished board, and the continued momentum to work with the members of this coalition to better serve the needs of our stakeholders and communities through AI innovation.”
The NCAI board, composed of volunteer senior executives acting as advisors to the council on behalf of their company or organization, will work to co-create AI solutions for positive societal and financial impact, identify and set the AI strategy and vision for a wide range of projects, and track AI adoption progress. Each member organization has nominated its own AI ambassadors to serve as regional leads and drive programs. All members have an equal voice in the way the council operates and is governed.