“As we deepen our exploration of generative AI, crafting a strategic blueprint for governance becomes essential. Ethical AI is not just a consideration but a mandate, requiring vigilant oversight. A ‘center of excellence’ must be established to develop frameworks that address ethics, bias and risk. Leveraging LLMs on institutional knowledge is a key component of…
Tag: AI
JPMorgan CEO Jamie Dimon Says AI ‘Is Real’ and Will Eliminate the 5-Day Work Week. Here’s How His Company’s Going All In.
“’Your children are going to live to 100 and not have cancer because of technology,’ Dimon told the outlet. ‘And literally, they’ll probably be working three-and-a-half days a week.’ New research from Stanford and MITsupports the productivity spike: A study that is believed to be the first significant real-world application of generative AI in the…
Been there, doing that: How corporate and investment banks are tackling gen AI
“We firmly believe that banks need to work through their challenges and avail themselves of the significant benefits to be gained from gen AI. In our experience, depending on the application, gen AI can improve productivity in core CIB activities by 30 to 90 percent. All told, productivity and other benefits might add 9 to…
Riding the AI tsunami: The next wave of generative intelligence
“In a recent Business Insider article, Suleyman said that generative AI would soon become pervasive. While he warns about potential risksposed by AI — especially in combination with synthetic biology — he also predicted that within five years everyone would have access to an AI personal assistant. He referred to this function as a personal…
Composable Solutions Enable Scalable Digital Evolution
“On today’s Banking Transformed podcast, I’m thrilled to be joined by Brandon McGee, Chief Digital Strategy Officer at A+ Federal Credit Union, who is spearheading their ambitious efforts to reimagine members’ digital experiences.Brandon has a 30-year legacy in banking and technology, having spent time at both large and small financial institutions as well as working…