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Global executives and AI strategy for HR: How to tackle bias in algorithmic AI

IBM Journey to AI blog

In line with this trend, the New York City Council has enacted new regulations requiring organizations to conduct yearly bias audits on automated employment decision-making tools used by HR departments. As per the new law, noncompliant organizations may face fines ranging from no less than USD 500 to no more than USD 1500 for each violation.

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Bridging code and conscience: UMD’s quest for ethical and inclusive AI

AI News

As artificial intelligence systems increasingly permeate critical decision-making processes in our everyday lives, the integration of ethical frameworks into AI development is becoming a research priority. So, in this field, they developed algorithms to extract information from the data.

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Everything You Need to Know About NYC’s Automated Employment Decision Tools (AEDT) Law

Dlabs.ai

In an era where AI and machine learning have streamlined everything, including hiring processes, the balance between efficiency and equity comes into question. With algorithms, machine learning, and statistical modeling defining who gets hired or promoted, are these decisions genuinely fair? What are AEDTs?

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AI in Finance: How Palmyra-Fin is Redefining Market Analysis

Unite.AI

Its real-time trend analysis, investment evaluations, risk assessments, and automation features empower financial professionals to make informed choices efficiently. Key milestones in this evolution include the advent of algorithmic trading in the late 1980s and early 1990s, where simple algorithms automated trades based on set criteria.

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Building Trust in AI: The Case for Explainable Artificial Intelligence (XAI)

Pickl AI

This blog will explore the concept of XAI, its importance in fostering trust in AI systems, its benefits, challenges, techniques, and real-world applications. What is Explainable AI (XAI)? Explainable AI refers to methods and techniques that enable human users to comprehend and interpret the decisions made by AI systems.

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Using AI for Predictive Analytics in Aviation Safety

Aiiot Talk

AI can streamline and automate key safety processes such as design, monitoring, testing and more. AI-Powered Predictive Maintenance AI is a powerful tool for improving aircraft safety through predictive analytics. This information serves as a baseline for comparison so the algorithm can identify unusual activity.

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

IBM Journey to AI blog

What is predictive AI? Predictive AI blends statistical analysis with machine learning algorithms to find data patterns and forecast future outcomes. These adversarial AI algorithms encourage the model to generate increasingly high-quality outputs.