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The dark side of technology: AI-driven cyberattacks call for upgraded security measures

by AIP Online Bureau | Oct 6, 2024 | Eco/Invest/Demography, Health, Indian News, Policy, Risk Management, Technology

In September 2024, insurer firm Star Health experienced a significant breach that exposed the sensitive health information of its clients on Telegram chatbots. “Cyber criminals today are not operating manually; they are using AI to automate attacks. They are...

90% of financial institutions focus on AI, GenAI for innovation: PwC India

by AIP Online Bureau | Sep 15, 2024 | Banking & Bancassurance, Data, Eco/Invest/Demography, Risk Management, Technology

“Collaborative innovation is now seen as a key driver for fintechs, enabling faster speed-to-market and delivering tangible benefits like new product offerings, increased productivity, and reduced operational costs,” said Vivek Belgavi, Partner and Leader...
National Health Authority and IIT Kanpur sign MoU for development of digital public goods for AI in Healthcare

National Health Authority and IIT Kanpur sign MoU for development of digital public goods for AI in Healthcare

by AIP Online Bureau | Sep 11, 2024 | Eco/Invest/Demography, Health, Indian News, Non-Life, Policy, Technology

Under this MoU, a federated learning platform across a variety of machine learning model pipelines, a quality-preserving database, an open benchmarking platform for comparing & validating AI models, and a consent management system for research under Ayushman...
California lawmakers pass AI safety bill

California lawmakers pass AI safety bill

by AIP Online Bureau | Aug 29, 2024 | Eco/Invest/Demography, International News, Policy, Regulation, Risk Management, Technology

The bill requires developers of large “frontier” AI models to take precautions such as pre-deployment testing, simulating hacker attacks, installing cyber security safeguards, and providing protection for whistleblowers At least 40 states have introduced...

McKinsey sees AI surge boosting consulting amid industry slump

by AIP Online Bureau | Aug 15, 2024 | Eco/Invest/Demography, International News, Technology, Workplace/Employee Benefits

Among those deploying automation rapidly are the traditional and regulated industries such as banking and insurance, Rodney Zemmel, senior partner and head of the McKinsey’s digital business said McKinsey & Co. is seeing an increase in the number of clients...
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