EU Watchdog: Responsible AI Use and Its Advantages in Banking

Banks Must Take Full Responsibility When Using AI

Although we think of AI as something groundbreaking, AI’s role in the banking industry, as well as in financial services has been transformative since its inception. The implementation of AI’s banking applications and software solutions has significantly revolutionised the way companies access and manage their finances. It reduces costs, increases productivity, and aids in decision-making…

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Growing Regulations, Skyrocketing Investment and “Seriously Lacking” Evaluations: Top Takeaways from Stanford University’s 2024 AI Index Report

AI has begun to surpass human performance on several benchmarks, including image classification, visual reasoning, and English understanding.  However, standardised evaluations are lacking, and a growing awareness of AI’s potential impact is growing along with a mounting pile of strict regulations. This is according to the Stanford University 2024 AI Index Report – an annual…

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Is AI Sexist? The Crisis Ahead of International Women’s Day 2024

international women's day 2024

Artificial intelligence is changing the world. From streamlining workloads to changing the way we communicate, AI and generative tools has fundamentally changed the way we access information. But whether that’s a positive change – or a negative one – could depend on your gender.   Experts have warned that the AI revolution could disproportionately impact women…

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Smart Cities Run On NLP

AI assistants abound in our daily lives. Your refrigerator can tell you if you're out of milk. A notification push on your phone can tell you who’s at the door….

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