In July 2024, the National Institute of Standards and Technology (NIST) delivered a groundbreaking new tool aimed at promoting the safe and ethical use of artificial intelligence (AI) systems called the "AI Risk Management Framework." This framework represents a comprehensive guideline
Several types of artificial intelligence are already being adopted by various parts of the insurance industry, and they have the potential to deliver extraordinary efficiency savings, opening the door for even more profitability, innovation, and complex problem-solving. While the use cases for
Artificial Intelligence (AI) is revolutionizing multiple sectors, bringing about unprecedented advancements while also raising significant ethical and privacy concerns. As its applications grow, so do the dilemmas related to its misuse, especially in sensitive areas. This article explores the
The European Commission has taken a decisive step in AI governance by assembling a team of esteemed AI experts to craft compliance frameworks for forthcoming AI regulations. This initiative highlights the EU's commitment to fostering ethical AI development while ensuring innovation continues
Generative Artificial Intelligence (AI) is a groundbreaking technology that can produce human-like content, ranging from text to images and even voices. While it holds massive potential across various industries, it also introduces a plethora of privacy and legal concerns. In this article, we will
In the landscape of rapidly advancing technology, generative AI presents numerous unprecedented opportunities and challenges for businesses. Discover Financial Services is one such organization that is navigating these waters carefully. The financial institution has been systematically integrating
