AI Chat: ChatGPT, AI News, Artificial Intelligence, OpenAI, Machine Learning cover image

AI in Insurance with Alexandra Matthews from Munich Re

AI Chat: ChatGPT, AI News, Artificial Intelligence, OpenAI, Machine Learning

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Risks and Challenges of AI in Business

The chapter explores the common risks associated with AI in business, including data drift, hallucinations in language models, and ethical concerns and discrimination. It also discusses the challenge of bias in AI models and the difficulty of eliminating it completely. The chapter further delves into the process of insuring AI models and handling claims, as well as the importance of understanding AI decision-making and the need for transparency.

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