Five federal banking regulators—the Federal Reserve, Consumer Financial Protection Bureau, Federal Deposit Insurance Corp., National Credit Union Administration, and Office of the Comptroller of the Currency—issued a request for information (RFI) late last month regarding the use of AI and ML tools by banks and other financial service providers like FinTechs. The RFI laid out…
To get a proper assessment of the harmful impact of its AI and ML algorithms, Twitter has initiated responsible machine learning, said the company in a blog. The responsible ML module consists of the following pillars: Taking responsibility for the algorithmic decisions Equity and fairness of outcomes Transparency about our decisions and how we arrived…
While regulators such as the FDA focus primarily on the risks to a user’s safety, marketing directly to consumers presents unique concerns that call for particular care. To begin, let us distinguish two important concepts. First, we have the technical performance of an AI/ML system as given by, say, its specificity/sensitivity (or equivalently, given a…
To get a proper assessment of the harmful impact of its AI and ML algorithms, Twitter has initiated responsible machine learning, said the company in a blog. The responsible ML module consists of the following pillars: Taking responsibility for the algorithmic decisions Equity and fairness of outcomes Transparency about our decisions and how we arrived…
The bill proposed on Wednesday would also create a list of so-called high-risk uses of AI that would be subject to new supervision and standards for their development and use, such as critical infrastructure, college admissions and loan applications. Regulators could fine a company up to 6% of its annual world-wide revenue for the most…
To print this article, all you need is to be registered or login on Mondaq.com. 1 Legal and enforcement framework 1.1 In broad terms, which legislative and regulatory provisions govern AI in your jurisdiction? Despite AI’s ubiquity across every technology and healthcare field, there is no comprehensive federal legislation on AI in the United States…
NEW DELHI: As the Judiciary has decided to use Artificial Intelligence with the adoption of specially designed software to assist judges, the Chief Justice of India S A Bobde has said that the technology would never be allowed to take decisions which must be left to the judges. Releasing a report on “Responsible AI of…
Artificial intelligence is becoming more prevalent every day in automotive solutions, particularly in those providing safety benefits. Applications such as emergency braking or lane-keeping systems frequently rely on machine learning AI, which trains them to recognise lane markings, obstacles, pedestrians, or other vehicles. Within 5 years, most active safety systems in new cars will be—at…
open share links close share links Machine learning is behind chatbots and predictive text, language translation apps, the shows Netflix suggests to you, and how your social media feeds are presented. It powers autonomous vehicles and machines that can diagnose medical conditions based on images. When companies today deploy artificial intelligence programs, they are most…
In this recurring monthly feature, we filter recent research papers appearing on the arXiv.org preprint server for compelling subjects relating to AI, machine learning and deep learning – from disciplines including statistics, mathematics and computer science – and provide you with a useful “best of” list for the past month. Researchers from all over the…
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