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AI sector study: Record growth masks serious challenges

AI News

The government’s commitment to supporting AI is evident through significant investments. In 2022, the UK government unveiled a National AI Strategy and Action Plan—committing over £1.3 This support aims to enhance the UK’s infrastructure to stay competitive in the AI market. In 2022, £18.8

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AI Bias & Cultural Stereotypes: Effects, Limitations, & Mitigation

Unite.AI

For example, in August 2020, Robert McDaniel became the target of a criminal act due to the Chicago Police Department’s predictive policing algorithm labeling him as a “person of interest.” Similarly, biased healthcare AI systems can have acute patient outcomes. Several key strategies can be implemented to reduce bias in AI models.

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Predicting the Future of AI Investment in 2024 and Beyond

ODSC - Open Data Science

The Evolution of AI Investment The journey of AI from theoretical research to a core driver of technological innovation has been marked by significant milestones. Worldwide, these entities are recognizing AI’s strategic importance, launching national AI strategies, and funding research. in the same time period.

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Establishing an AI/ML center of excellence

AWS Machine Learning Blog

According to a McKinsey study , across the financial services industry (FSI), generative AI is projected to deliver over $400 billion (5%) of industry revenue in productivity benefits. As maintained by Gartner , more than 80% of enterprises will have AI deployed by 2026.

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