Alok Bansal, an expert in the banking, financial services, and insurance industry, highlighted the urgent requirement for a cohesive regulatory structure as generative AI gains popularity, particularly in sectors dealing with sensitive information. ConveGenius has recently introduced SwiftChat, an AI chatbot platform hosted on Amazon Web Services, which offers customized educational content in local languages to government schools. In another development, authors such as George RR Martin have filed a lawsuit against OpenAI, accusing them of unauthorized use of their content to train AI models.
All this and more in today’s AI review.
1. “Critical need for common regulatory framework,” says BFSI expert
As generative AI plays a crucial role in several industries, regulatory guidance on this technology is critically needed to prevent its misuse, said BFSI expert Alok Bansal. According to an ANI report, Bansal said, “Sectors dealing with sensitive information are increasingly relying on Al-guided methods. Ethical concerns and biases call for clear, consistent and accountable guidelines to prevent potential misuse of the general.”
2. McAfee releases AI-powered fraud protection
Security software company McAfee announced its latest product, phishing protection, on Thursday. According to the publication, Scam Protection uses artificial intelligence to detect malicious links before you click them by sending you an alert. McAfee CEO Greg Johnson said at the launch: “McAfee Scam Protection combines advanced artificial intelligence with the best human threat intelligence to proactively identify and block fake emails, text messages and social media links so you can go about your day without worry.”
3. ConveGenius builds an AI chatbot platform for schools
ConveGenius has created a conversational artificial intelligence chatbot platform built on Amazon Web Services (AWS), the cloud provider announced Thursday. According to a PTI report, the AI chatbot platform called SwiftChat leverages as many as 53 AI chatbots to deliver learning content in multiple regional languages. “Using the SwiftChat platform, which has 124 million student profiles on 19 million devices, public schools can create omnichannel chatbots to deliver personalized learning, such as curated videos and reading content, through a single AI-powered chatbot conversation,” AWS said. publication.
4. The authors sue ChatGPT for copyright infringement
Game of Thrones author George RR Martin and several other writers and authors have sued ChatGPT maker OpenAI for copyright infringement. According to an AFP report, the Authors Guild accused the AI company of using the content of its books to train its AI models without permission. “The company’s language models “threaten the ability of fiction writers to make a living because (the models) allow anyone to create – automatically and freely (or very cheaply) – texts that they would otherwise pay writers to create,” the complaint read.
5. Trend Micro announces AI competition
Cybersecurity software company Trend Micro on Thursday launched an artificial intelligence competition for internal employees to encourage learning about a new technology, artificial intelligence. The event is sponsored by Microsoft and hosted on Trend’s AI platform powered by Azure OpenAI. Eva Chen, CEO of Trend Micro, said in a press release: “The AI competition is designed to give Trenders an opportunity through a fun and competitive format to showcase their creativity and explore AI technology.