AI is streamlining digital KYC verification for banks, enhancing credit score calculations, improving risk assessment, enabling fraud detection and easing compliance processes. According to a Ficci-PwC survey (bit.ly/ 3qxGwt4), AI will save $447 billion for banks by 2023. Given this potential, democratising the benefits of AI is essential.
A survey by Stanford University conducted among natural language processing (NLP) researchers found that artificial intelligence (AI) could make catastrophic decisions. The survey by [.]
Total investments in AI startups in India stood at $3.24 billion in 2022, placing it ahead of South Korea, Germany, Canada and Australia, among others.