Key takeaways: Banks have been operationalizing Model Risk Management (MRM) programs for decades, and lessons from their implementation can serve as a blueprint for leaders looking to stand up AI governance programs. AI governance requirements are even broader than...
On Wednesday, February 12, 2025, the European Commission made the surprising decision to drop the EU AI Liability Directive from consideration. What was the EU AI Liability Directive? The Directive was proposed to the EU Parliament in 2022 alongside its companion...
Key takeaways: Shadow AI is the unauthorized adoption of AI technology by employees within an organization The risks of shadow AI are multifaceted, and include cyber, data privacy, performance, transparency, and ethical challenges Detecting shadow AI requires a...
Key Takeaways LLM performance, capabilities, and impact have rapidly advanced since the release of ChatGPT in 2022. There can be two types of bias present in LLMs: where LLMs generate overtly stereotypical, harmful, or derogatory content, and where LLMs produce...
ChatGPT was introduced in November 2022 and has since amazed users with its capabilities. It can translate languages, it can read, digest and summarize large bodies of text, it can even write poems and software code. Many other similar models (known as large language...
