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AI and Financial Crime Prevention: Why Banks Need a Balanced Approach

Unite.AI

In the US alone, generative AI is expected to accelerate fraud losses to an annual growth rate of 32%, reaching US$40 billion by 2027, according to a recent report by Deloitte. Perhaps, then, the response from banks should be to arm themselves with even better tools, harnessing AI across financial crime prevention.

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Generative AI and Robotics: Are We on the Brink of a Breakthrough?

Unite.AI

This fascinating fusion of creativity and automation, powered by Generative AI , is not a dream anymore; it is reshaping our future in significant ways. Universities, research labs, and tech giants are dedicating substantial resources to Generative AI and robotics. Interest in this field is growing rapidly.

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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. But generative AI is not predictive AI. But generative AI is not predictive AI. What is generative AI?

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Generative AI in the Healthcare Industry Needs a Dose of Explainability

Unite.AI

The remarkable speed at which text-based generative AI tools can complete high-level writing and communication tasks has struck a chord with companies and consumers alike. In this context, explainability refers to the ability to understand any given LLM’s logic pathways. What’s Next for Generative AI in Regulated Industries?

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Seven Trends to Expect in AI in 2025

Unite.AI

One of the biggest problems to date is the haste to jump on the bandwagon especially since the introduction of generative AI and LLMs. In fact, as many as 63% of global business leaders admit their investment in AI was down to FOMO (fear of missing out), according to a recent study.

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US Open heralds new era of fan engagement with watsonx and generative AI

IBM Journey to AI blog

This year, the USTA is using watsonx , IBM’s new AI and data platform for business. Bringing together traditional machine learning and generative AI with a family of enterprise-grade, IBM-trained foundation models, watsonx allows the USTA to deliver fan-pleasing, AI-driven features much more quickly.

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AI News Weekly - Issue #335: Generative AI may be the next AK-47 - Jun 1st 2023

AI Weekly

Powered by 1west.com In the News Generative AI may be the next AK-47 At the start of the Cold War, a young man from southern Siberia designed what would become the world’s most ubiquitous assault rifle. With our Automated Business Lending Engine (ABLE), we are here when you are ready to enhance your business with some capital.