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[Achieving AI ROI] Quantifying AI Risk - with Head of AI Insurance at Munich Re, Michael Berger

The AI in Business Podcast

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Analyzing Risks and ROI in AI Projects

This chapter explores the significance of evaluating risks in AI projects from a return on investment perspective, discussing uncertainties, liabilities, and the need for businesses to make informed decisions by quantifying potential risks. It also examines the balance between machine learning and rule-based systems, assessing costs, benefits, and mitigating risks to determine the true value of AI projects.

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