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What is Responsible AI and Why Do We Need It?

Analytics Vidhya

Introduction The infamous case of Microsoft’s AI chatbot Tay is a stark reminder of the potential pitfalls in AI deployment. Tay’s introduction to Twitter on March 23, 2016, showcased how AI when exposed to inappropriate content, can quickly devolve into generating offensive and harmful responses.

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Daniel Cane, Co-CEO and Co-Founder of ModMed – Interview Series

Unite.AI

Between 2016 and 2018, the company was named one of the fastest-growing companies in North America on the Deloitte Technology Fast 500 list. What measures are in place at ModMed to allow AI technologies to be developed and deployed ethically? In 2020, the company was named one of the Best Workplaces in the Country by Inc.

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AI sector study: Record growth masks serious challenges

AI News

Investment and funding Investment in the AI sector has been a key driver of growth. billion was secured in private investment since 2016, with investments made in 52 unique industry sectors compared to 35 sectors in 2016. The government’s commitment to supporting AI is evident through significant investments.

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Alan Ranger, VP of Marketing at Cognigy – Interview Series

Unite.AI

In what ways has the vision for Cognigy evolved since its inception in 2016? Since its inception in 2016, Cognigy's vision has shifted from providing a conversational AI platform to any business to becoming a global leader for AI Agents for enterprise contact centers.

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Banking on AI: Fraud Detection, Credit Risk Analysis, and the Future of Financial Services

Unite.AI

Another notable instance of financial fraud occurred in February 2016, when hackers targeted the central bank of Bangladesh and exploited vulnerabilities in SWIFT, attempting to steal USD one billion. This joint effort is essential to establish industry-wide standards, address ethical concerns, and ensure responsible AI deployment.

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Jonathan Dambrot, CEO & Co-Founder of Cranium AI – Interview Series

Unite.AI

Prior to KPMG, he led Prevalent to become a Gartner and Forrester industry leader in 3rd party risk management before its sale to Insight Venture Partners in late 2016. Future regulatory guidance should be not just for providers of AI systems, but also users to be able to understand and leverage this technology in a safe and secure manner.

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Real AI Wins Project to Build Europe’s Open Source Large Language Model

Marktechpost

This technical prowess positions Leonardo as a crucial asset for advancing AI applications across Europe​​. REAL AI’s unique opportunity- “We aim to provide Europe’s answer to responsible AI development. Together with UNINA and AI supercomputer cluster ‘Leonardo’, we can make this possible”.