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RBI selects McKinsey and Company, Accenture Solutions to use AI, ML to improve regulatory supervision

RBI selects McKinsey and Company, Accenture Solutions to use AI, ML to improve regulatory supervision

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

The RBI is looking to extensively use advanced analytics, artificial intelligence and machine learning to analyse its huge database and improve regulatory supervision over banks and NBFCs. For this purpose, the central bank plans to hire external experts Mumbai: The...

AI-supported breast tumour screening found more cancers, reduced radiologists’ workload: Study

by AIP Online Bureau | Aug 5, 2023 | Facts, Health, Technology

‘We found that using AI resulted in the detection of 20 per cent (41) more cancers compared with standard screening, without affecting false positives. A false positive in screening occurs when a woman is recalled but cleared of suspicion of cancer after...
Global Trade: War, AI and climate change shaking up $32 trillion supply chain risks

Global Trade: War, AI and climate change shaking up $32 trillion supply chain risks

by AIP Online Bureau | Aug 1, 2023 | Articles, Climate, Environment, Renewable Energy, Eco/Invest/Demography, Policy, Technology

A shift from fossil fuels is spurring demand for materials essential for electrification. Artificial intelligence is forcing employees to learn new skills so they won’t be replaced by computers. Long before these trends are reflected in government data, they’re...

Exec tells first UN council meeting that big tech can’t be trusted to guarantee AI safety

by AIP Online Bureau | Jul 19, 2023 | International News, Risk Management, Technology

Jack Clark, co-founder of the AI company Anthropic warned of “potential threats to international peace, security and global stability” from two essential qualities of AI systems – their potential for misuse and their unpredictability “as well as the...

Google AI health chatbot passes US medical exam: Study

by AIP Online Bureau | Jul 16, 2023 | Health, Risk Management, Technology

To identify and cut down on “hallucinations” — the name for when AI models offer up false information — Google said it had developed a new evaluation benchmark Google’s artificial intelligence-powered medical chatbot has achieved a...
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