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Mass event will let hackers test limits of AI technology

by AIP Online Bureau | May 13, 2023 | International News, Policy, Regulation, Reinsurance, Technology

Anyone who’s tried ChatGPT, Microsoft’s Bing chatbot or Google’s Bard will have quickly learned that they have a tendency to fabricate information and confidently present it as fact. These systems, built on what’s known as large language models, also emulate the...

Aviation watchdog issues warning on India over jet repo fight

by AIP Online Bureau | May 13, 2023 | Indian News, Non-Life, Regulation

The move by the Aviation Working Group, a UK-based entity that monitors leasing and financing laws, could raise leasing costs for Indian airlines and hurt lessors’ confidence just as the world’s third-largest domestic market faces record growth India has...
Banks to launch 100 days campaign to trace & settle unclaimed deposits: RBI

Banks to launch 100 days campaign to trace & settle unclaimed deposits: RBI

by AIP Online Bureau | May 13, 2023 | Banking & Bancassurance, Indian News, Regulation

Balances in savings/current accounts which are not operated for 10 years, or term deposits not claimed within 10 years from date of maturity are classified as ”unclaimed deposits” Recently, the RBI has also announced the setting up of a centralised web...

Governments across the world race to regulate AI tools

by AIP Online Bureau | May 13, 2023 | Eco/Invest/Demography, International News, Non-Life, Policy, Regulation, Technology, Workplace/Employee Benefits

The European Data Protection Board, which unites Europe’s national privacy watchdogs, said in April it had set up a task force on ChatGPT, a potentially important first step towards a common policy on setting privacy rules on AI Rapid advances in artificial...

Max Financial Services Q4 net profit slips 64 pc to Rs 52 crore

by AIP Online Bureau | May 13, 2023 | Indian News, Life

Prashant Tripathy, managing director, Max Life Insurance Company , said, “Through our continued focus on introducing innovative products, expanding distribution strength across channels, and driving a balanced product mix, we delivered strong growth in Q4FY23.”...
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