In the current landscape dominated by generative AI adoption, legacy infrastructure acts as a formidable obstacle. There is an imperative need for strategic upgrades encompassing compute, storage and networking.
The escalating adoption of generative AI has introduced concerns regarding data privacy, fake data and bias amplification. Ashley Casovan, managing director of the IAPP AI Governance Center, discusses the need to develop governance models and standardize AI systems.
A U.K. parliamentary committee scrutinizing the artificial intelligence market urged the British competition regulator to closely monitor developers of foundation models and warned against regulatory capture. Already, the market is trending toward consolidation, said a House of Lords committee.
Mastercard, a global leader in payments, is expanding its use of artificial intelligence beyond traditional applications. The company has deployed AI to prevent fraud and enhance customer experience, efficiently handling a 20% increase in inquiries and navigating through extensive manuals.
For over a decade, several industries have embraced AI in various capacities. But generative AI proved to be a turning point, prompting CIOs and tech leaders to devise new ways to use AI to transform their businesses. At the Microsoft AI Tour in Mumbai, these leaders shared use cases, ideas and advice.
In the era of digital transformation, the insurance sector is undergoing a profound shift. Kayzad Hiramanek, COO of Edelweiss Tokio Life Insurance, delves into the impact of virtual agents, robo-advisory pitches, and service bot avatars on customer engagement and tailored offerings.
ChatGPT maker OpenAI has 30 days to respond to the Italian data regulator after an investigation by the agency concluded the company apparently had violated European privacy laws. Europe is preparing to implement a comprehensive regulation on artificial intelligence.
Stephen Ibaraki, founder of the International Telecommunication Union's (ITU) AI for Good, delved into how AI can revolutionize quantum computing, healthcare, education and agriculture. He also emphasized the need for guardrails and frameworks from UNESCO, ITU and IEEE and ISO for the ethical use of AI.
Jaeger Glucina, chief of staff at Luminance, on how their legal-grade LLM saves time and costs by automating tasks allowing legal teams to focus on critical tasks and reducing reliance on third-party papers. This AI is being used by customers such as Hitachi, IDEXX Laboratories, Emma Sleep and proSapient.
Bloomberg, JPMC, European Central Bank, Morgan Stanley, Nasdaq, HDFC ERGO and Commonwealth Bank Australia are harnessing generative AI to enhance productivity and customer experience. Generative AI has the potential to reshape job roles, redefine customer interactions and create new business models.
Artificial intelligence may not steal our jobs just yet, but only because humans are currently cheaper to employ. Many of the human jobs that could be replaced with AI are not "economically beneficial" to automate - at least for now - say researchers at MIT.
In a time where AI mimics human capabilities, the importance of ethics, responsible use, and regulatory structures takes center stage. To secure global advantages from AI, the Global Partnership on Artificial Intelligence (GPAI) advocates for expanded collaboration between industries and governments.
Generative AI, once a buzzword, is now the subject of a focused approach, according to attorney Edward Machin of Ropes & Gray LLP. Organizations are prioritizing specific issues around gen AI and establishing governance frameworks from the outset, Machin said.
Researchers uncovered a critical vulnerability in graphic processing units of popular devices that could allow attackers to access data from large language models. They dubbed the vulnerability LeftoverLocals and said it affects the GPU frameworks of Apple, AMD and Qualcomm devices.
The British data regulator is set to analyze the privacy implications of processing scraped data used for training generative artificial intelligence algorithms. The Information Commissioner's Office is soliciting comments from AI developers, legal experts and other industry stakeholders.
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