Credo AI has launched the GenAI Vendor Registry to help companies manage AI risks and adopt new AI tools more easily.
Credo AI’s GenAI Vendor Registry is designed to simplify how companies handle AI adoption, with a focus on managing risks tied to specific AI vendors. The registry includes data from top AI providers like OpenAI, Microsoft, IBM, Salesforce, and Meta, helping businesses quickly assess and approve vendors. This makes it easier for companies to adopt AI at scale while meeting transparency and compliance needs.
One of the biggest challenges companies face is managing the risks associated with using multiple AI vendors, each with different compliance requirements. Traditional approaches can be slow and complex. The GenAI Vendor Registry addresses this by providing a clear view of vendor-specific risks and Responsible AI (RAI) benchmarks. With this tool, companies can make quick, informed decisions about which AI vendors to work with. Reducing the chances of using unapproved or risky AI tools.
The registry is particularly useful for companies dealing with regulations like the EU’s AI Act, which requires high levels of transparency and accountability. By bringing all the necessary risk and compliance information into one place, the registry helps teams make fast go/no-go decisions on AI projects. For example, if a company wants to use OpenAI’s GPT-4, the registry provides all the needed information about risks and compliance, speeding up the approval process and ensuring that the AI tools used are safe and compliant.
If a vendor doesn’t meet the required standards, the registry makes it easy for companies to switch to an alternative pre-approved vendor. This flexibility helps businesses stay compliant while scaling their AI use. Overall, Credo AI’s GenAI Vendor Registry empowers companies to adopt AI responsibly, ensuring they stay aligned with regulations and minimize risks related to AI usage.