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

Unite.AI

Humans can validate automated decisions by, for example, interpreting the reasoning behind a flagged transaction, making it explainable and defensible to regulators. Financial institutions are also under increasing pressure to use Explainable AI (XAI) tools to make AI-driven decisions understandable to regulators and auditors.

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Data Monocultures in AI: Threats to Diversity and Innovation

Unite.AI

AI is reshaping the world, from transforming healthcare to reforming education. Data is at the centre of this revolutionthe fuel that powers every AI model. Why It Matters As AI takes on more prominent roles in decision-making, data monocultures can have real-world consequences.

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How Quality Data Fuels Superior Model Performance

Unite.AI

Heres the thing no one talks about: the most sophisticated AI model in the world is useless without the right fuel. That fuel is dataand not just any data, but high-quality, purpose-built, and meticulously curated datasets. Data-centric AI flips the traditional script. Why is this the case?

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Beyond the Hype: Unveiling the Real Impact of Generative AI in Drug Discovery

Unite.AI

McKinsey Global Institute estimates that generative AI could add $60 billion to $110 billion annually to the sector. From technical limitations to data quality and ethical concerns, it’s clear that the journey ahead is still full of obstacles. But while there’s a lot of enthusiasm, significant challenges remain.

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How data stores and governance impact your AI initiatives

IBM Journey to AI blog

The tasks behind efficient, responsible AI lifecycle management The continuous application of AI and the ability to benefit from its ongoing use require the persistent management of a dynamic and intricate AI lifecycle—and doing so efficiently and responsibly. Here’s what’s involved in making that happen.

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Maximizing compliance: Integrating gen AI into the financial regulatory framework

IBM Journey to AI blog

Regulatory insights: Current AI regulations in financial services Existing AI regulations in financial services are primarily focused on ensuring transparency, accountability, and data privacy. Regulators require financial institutions to implement robust governance frameworks that ensure the ethical use of AI.

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The Critical Nuances of Today’s AI — and the Frontiers That Will Define Its Future

Towards AI

.– Model Robustness: Ensuring that models can handle unforeseen inputs without failure is a significant hurdle for deploying AI in critical applications. Research focuses on creating algorithms that allow models to learn from data on local devices without transferring sensitive information to central servers.