Here’s a summary of some recent news related to Generative AI : Generative AI and Financial-Services Compliance : Financial institutions are increasingly using Generative AI to automate internal processes for regulatory compliance. This technology allows banks to meet regulatory demands more efficiently and productively, freeing up human resources for more complex tasks 1 . Google Gemini’s Bias Problem : Google’s Gemini project highlights the challenges of eliminating bias in AI models. Addressing bias is an ongoing process, and it’s essential to approach it thoughtfully and transparently 2 . Matalan’s Retail First Approach with Generative AI : Matalan, a retail company, has adopted Generative AI tools to enhance productivity. By leveraging GenAI, they predict a quadrupling of productivity, demonstrating its potential impact in the retail sector 3 . Additionally, the BBC has been actively exploring Generative AI through several test pilots. These pilots cover areas such as maximi...
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