Search results for "ai risks"

Oxford and Cambridge Turn to AI for Teaching

The two most iconic education institutions in the world, in fact the 24 leading UK universities that make up the Russell Group, are to install generative AI as a learning tool. They’ve recognised the power of tools such as ChatGPT to assist in research and now endorse, within ethical boundaries, their use in lecture halls […]

EU Takes Aim at China with a Plan to Restrict Sensitive Tech Production 

EU’s economic security strategy unveils plan to ban European companies from producing sensitive tech in China.  On June 21, the European Union (EU) has unveiled its intentions to prohibit European companies from manufacturing sensitive technologies, including supercomputers, artificial intelligence, and advanced microchips, in countries such as China.   The European Economic Security Strategy, presented by Commission President […]

EU's Groundbreaking Draft to Reign in AI Giants like ChatGPT 

BRUSSELS, BELGIUM: The European Parliament has taken a significant step towards regulating artificial intelligence (AI) products with the passage of the first draft of the EU AI Act regulations. The proposed law aims to ensure a safe development and application of AI systems, all while ensuring they respect international human rights laws.   The EU’s initiative sets […]

Is Generative AI Ready for Banks to Dive In? 

 Prominent big banks at the Money 20/20 fintech conference in Amsterdam are carefully exploring the potential of generative artificial intelligence (AI) technology. Despite recognizing its transformative power, these financial institutions, including the Netherlands’ ABN Amro, exercise caution due to the inherent risks involved. Executives and industry experts gathered in Amsterdam’s conference center to discuss the […]