“U.S. banking regulators announced on Monday they were soliciting public input on the growing use of artificial intelligence by financial institutions. In a joint statement, the regulators said they wanted feedback on the use of the technology by banks to police fraud, underwrite loans and for other purposes, and what perks and challenges it presents.”…
Tag: Regulators
Using an AI Trust Index Stalled Machine Learning & AI Projects
“According to a recent survey by Dimensional Research, nearly eight out of 10 enterprise organizations currently engaged in AI and ML report that projects have stalled due to issues of data quality and model confidence. An AI Trust Index is a FICO-like score for algorithmic vulnerability and risk based on five major AI business risks…