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AI Paves a Bright Future for Banking, but Responsible Development Is King

Unite.AI

AI serves as the catalyst for innovation in banking by simplifying this sectors complex processes while improving efficiency, accuracy, and personalization. AI chatbots, for example, are now commonplace with 72% of banks reporting improved customer experience due to their implementation.

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Top AI Tools Enhancing Fraud Detection and Financial Forecasting

Marktechpost

CorgiAI CorgiAI is a fraud detection and prevention tool designed to increase income and reduce losses due to fraud. It is based on adjustable and explainable AI technology. The post Top AI Tools Enhancing Fraud Detection and Financial Forecasting appeared first on MarkTechPost.

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Generative AI vs. predictive AI: What’s the difference?

IBM Journey to AI blog

Many generative AI tools seem to possess the power of prediction. Conversational AI chatbots like ChatGPT can suggest the next verse in a song or poem. Code completion tools like GitHub Copilot can recommend the next few lines of code. But generative AI is not predictive AI.

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How to use foundation models and trusted governance to manage AI workflow risk

IBM Journey to AI blog

It’s essential for an enterprise to work with responsible, transparent and explainable AI, which can be challenging to come by in these early days of the technology. Generative AI chatbots have been known to insult customers and make up facts. But how trustworthy is that training data?

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AI in Finance – Top Computer Vision Tools and Use Cases

Viso.ai

Below, we’ll explore some of the successful outcomes of how these AI tools for finance are revolutionizing the industry. 1: Fraud Detection and Prevention AI-powered fraud detection systems use machine learning algorithms to detect patterns and anomalies that may indicate fraud.

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10 AI dangers and risks and how to manage them

IBM Journey to AI blog

Look into AI fairness tools, such as IBM’s open source AI Fairness 360 toolkit. Cybersecurity threats Bad actors can exploit AI to launch cyberattacks. Build a solid tech stack and remain open to experimenting with the latest AI tools. Who is responsible when an AI system goes wrong?

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AI News Weekly - Issue #400: Fei-Fei Li’s New AI Venture Soars to $1B Valuation - Aug 22nd 2024

AI Weekly

wired.com A new ‘AI scientist’ can write science papers without any human input. theconversation.com AI Predicts Earthquakes With Unprecedented Accuracy Researchers at the University of Texas have developed an AI that predicted 70% of earthquakes during a trial in China, indicating potential for future quake risk mitigation.

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