RBI Governor Warns of ‘Systemic Risks’ from AI in Banking Sector

RBI Governor Warns of ‘Systemic Risks’ from AI in Banking Sector

The increasing use of artificial intelligence (AI) and machine learning (ML) in the global financial sector could pose significant risks to financial stability if not properly managed, according to Shaktikanta Das, the Governor of the Reserve Bank of India (RBI). Speaking at an event in New Delhi on Monday, Das emphasized the need for banks […]

Emotional AI and gen Z: The attitude towards new technology and its concerns

Emotional AI and gen Z: The attitude towards new technology and its concerns

Artificial intelligence (AI) governs all that come under “smart technology” today. From self-driving cars to voice assistants on our smartphones, AI has ubiquitous presence in our daily lives. Yet, it had been lacking a crucial feature: the ability to engage human emotions. The scenario is quickly changing, however. Algorithms that can sense human emotions and […]

AI to help India recruiters to eliminate bias, pace up process

AI to help India recruiters to eliminate bias, pace up process

As artificial intelligence (AI) is entering all office systems, nearly 50 per cent of recruiters believe that it will become a regular part of their hiring process in the coming years, said a report by chat-based direct hiring platform Hirect. A whopping 96.5 per cent of recruiters at Indian startups and small and medium enterprises […]