Tag: ChatGPT

The surge of generative AI tools has brought a new frontier of risk for financial institutions, insurers, lenders and other sectors reliant on document...

Bonfy.AI, an AI security startup specialising in adaptive content protection, has launched from stealth as it aims to secure the growing volume of content created by generative AI tools.

GlobalData has highlighted that adopting responsible AI practices can give businesses a significant competitive edge while also mitigating ethical and legal risks.

Italy's data protection authority, Garante, has imposed a €15m fine on OpenAI, the U.S.-based artificial intelligence company, for failing to comply with legal standards in personal data handling with its ChatGPT service.

As 2024 progresses, regulators worldwide find themselves increasingly busy, grappling with the dual challenges of an ever-changing geopolitical landscape and the rapid evolution of technology.

After years at the forefront of artificial intelligence (AI)-based research and projects, BBVA has taken another significant step forward in the use of generative AI in its main markets.

In recent years, the integration of generative artificial intelligence (GenAI) tools within the financial sector has seen remarkable growth. A study conducted by ORX, a leading operational risk association, reveals that 75% of the world’s major banks and insurers are now utilizing external GenAI applications in their operations.

Generative AI, or GenAI, has rapidly shifted from a mere discussion point to a pivotal tool in business innovation, offering unprecedented efficiency and smart solutions. Ilya Mokin, head of R&D at Symfa, shares insights into integrating a ChatGPT bot within their in-house ERP system, highlighting the potential and challenges of custom on-demand reports and analytics.

In the rapidly evolving sectors of finance and governance, managing risk amidst vast, global networks of individuals and organizations is crucial. Leaders tasked with overseeing institutional risk exposure are increasingly looking towards innovative solutions to balance growth and risk management effectively. Enter Large Language Models (LLMs) like GPT-4 – the new frontier in AI, sparking a revolution in fields such as natural language processing (NLP). Despite the inherent risks associated with emerging technologies, the potential of LLMs to significantly contribute to future risk assessment products is becoming increasingly evident.

ChatGPT is taking the world by storm right now. In a recent post, Saifr dug deeper into the topic of chatbots, and the importance...