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Vaishnaw calls for global collective efforts to deal with risks, dangers posed by AI

by AIP Online Bureau | Jul 3, 2024 | Eco/Invest/Demography, Indian News, Policy, Risk Management, Technology

“The whole package… the whole AI Mission which was approved by the Cabinet a couple of months back… the team is working on setting the foundation and all seven pillars… and maybe in two-three months we will be launching this mission,” Vaishnaw said while speaking at...
ICICI Lombard launches new health insurance product powered with AI

ICICI Lombard launches new health insurance product powered with AI

by AIP Online Bureau | Jul 1, 2024 | Health, Indian News, Non-Life, Technology

Mumbai: ICICI Lombard General Insurance has launched health insurance product, ‘Elevate’. Powered with AI the first-of-its-kind health product is loaded with cutting-edge features and add-ons, offering personalised solutions to meet the needs of dynamic lifestyle,...
RBI Governor underscores need to eliminate biases in algorithms as artificial intelligence and machine learning

RBI Governor underscores need to eliminate biases in algorithms as artificial intelligence and machine learning

by AIP Online Bureau | Jun 28, 2024 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Regulation, Technology

Shaktikanta Das,Governor, Reserve Bank of India RBI Governor Shaktikanta Das highlighted efforts by the RBI to harness digital footprints and computing power to analyze expectations, sentiment indicators, and policy credibility from alternative data sources. The...

AI set to revolutionize global banking, boosting profits by USD 170 bn by 2028: CITI report

by AIP Online Bureau | Jun 23, 2024 | Data, Eco/Invest/Demography, Risk Management, Technology

One of the most compelling aspects highlighted in the report is AI’s role in combating financial fraud. AI-generated insights hold the key to preventing real-time payment scams, such as the pervasive Authorized Push Payment (APP) fraud Artificial intelligence...
Health sector most at risk from AI-related threats, Swiss Re

Health sector most at risk from AI-related threats, Swiss Re

by AIP Online Bureau | May 23, 2024 | Eco/Invest/Demography, International News, Non-Life, Policy, Reinsurance, Risk Management, Technology

Christoph Nabholz, Chief Research & Sustainability Officer at Swiss Re,said: “While IT services are currently the most affected by AI risks as a pioneer in this area, this is set to change as the use of technology becomes more widespread across all...
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