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As applied to finance, risk management concerns the techniques and practices for measuring, monitoring and controlling the market-and credit risk (and operational risk) on a firm's balance sheet, due to a bank's credit and trading exposure, or re a fund manager's portfolio value; for an overview see Finance § Risk management.
AI has potential benefits and potential risks. [203] AI may be able to advance science and find solutions for serious problems: Demis Hassabis of DeepMind hopes to "solve intelligence, and then use that to solve everything else". [204] However, as the use of AI has become widespread, several unintended consequences and risks have been ...
Regulation of AI can be seen as positive social means to manage the AI control problem (the need to ensure long-term beneficial AI), with other social responses such as doing nothing or banning being seen as impractical, and approaches such as enhancing human capabilities through transhumanism techniques like brain-computer interfaces being ...
According to a report from research firm Arize AI, the number of Fortune 500 companies that cited AI as a risk hit 281. That represents 56.2% of the companies and a 473.5% increase from the prior ...
Fake news generated by artificial intelligence and spread on social media is heightening the risks of bank runs, according to a new British study that says lenders must improve monitoring to ...
BCG consultants solving business problems with OpenAI’s GPT-4 performed 23% worse than those without it, new study finds ... but Generative AI is different. While consumer adoption has been ...
The scope here - ie in non-financial firms [12] - is thus broadened [9] [67] [68] (re banking) to overlap enterprise risk management, and financial risk management then addresses risks to the firm's overall strategic objectives, incorporating various (all) financial aspects [69] of the exposures and opportunities arising from business decisions ...
Other initiatives include a compute cluster to support AI safety research, an online course titled "Intro to ML Safety", and a fellowship for philosophy professors to address conceptual problems. [10] The Center for AI Safety Action Fund is a sponsor of the California bill SB 1047, the Safe and Secure Innovation for Frontier Artificial ...