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RBI Deputy Governor urges banks to prioritize legal and cyber risks arising from AI

RBI Deputy Governor urges banks to prioritize legal and cyber risks arising from AI

by AIP Online Bureau | Feb 12, 2024 | Banking & Bancassurance, Eco/Invest/Demography, Regulation, Technology

”With the adoption of AI and GenAI, laws are to be redefined. Industry needs to note that Digital Personal Data Protection (DPDP) Act rules are going to come soon, and banks may be in violation of some of it so it’s important to start preparing for...
In Davos, AI excitement persists but fears over managing risks

In Davos, AI excitement persists but fears over managing risks

by AIP Online Bureau | Jan 20, 2024 | Eco/Invest/Demography, Features, Policy, Regulation, Risk Management, Technology, Workplace/Employee Benefits

The IMF said AI would affect nearly 40 percent of jobs around the world, and some 60 percent in the advanced world — replacing some jobs while complementing others Walking around in Davos where the global elites gathered for the World Economic Forum this week,...

ACKO appoints Mallesh Bommanahal as Chief Data Scientist

by AIP Online Bureau | Jan 17, 2024 | Briefs, Non-Life, Technology

ACKO has announced the appointment of Dr Mallesh Bommanahal as a chief data scientist. An expert in the world of artificial intelligence, Mallesh has 16 years exposure in the insurance and healthcare industries. He is also the founder of i3systems.ai, widely known for...
Google’s new AI chatbot to converse with patients, make diagnosis like docs

Google’s new AI chatbot to converse with patients, make diagnosis like docs

by AIP Online Bureau | Jan 17, 2024 | Data, Eco/Invest/Demography, Health, Technology

“We trained and evaluated Articulate Medical Intelligence Explorer(AMIE) along many dimensions that reflect quality in real-world clinical consultations from the perspective of both clinicians and patients,” Alan Karthikesalingam and Vivek Natarajan,...
IMD plans to use AI to better forecasts; admits predicting severe weather events challenging

IMD plans to use AI to better forecasts; admits predicting severe weather events challenging

by AIP Online Bureau | Jan 13, 2024 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News

Mrutyunjay Mohapatra, Director General,IMD The IMD will kick start its 150th-anniversary celebrations on Monday with the launch of ‘Panchayat Mausam Seva’ that aims to take weather forecasts to every farmer in every village and the National Framework for Climate...
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