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Bank of Japan Governor Warns AI Could Bring New Financial Stability Risks

Nov 21 2024 // Bank of Japan Governor Kazuo Ueda said on Thursday central banks must be mindful that technological advances, such as in the area of artificial intelligence (AI), could bring new risks to financial stability.“As...

AI Weather Models Have Shown Promise This Hurricane Season

Nov 19 2024 // When Hurricane Beryl was rushing across the Atlantic basin in July, the weather forecasting tool made by Google Deepmind, the tech company’s artificial intelligence unit, saw something other models missed....

AI Revolution in Insurance: Opportunities and Legal Pitfalls

Nov 18 2024 // The insurance industry is in the midst of a digital revolution, with artificial intelligence (AI) at the heart of it. From streamlining claims processing to creating personalized policies, AI has quickly become a vital...

Oklahoma Insurance Commissioner Issues Bulletin on Use of AI

Nov 15 2024 // Oklahoma Insurance Commissioner Glen Mulready issued a bulletin providing insurers with regulatory guidance on the use of artificial intelligence.The bulletin, which was adopted by the National Association of Insurance...

FTC’s Holyoak Concerned AI Collecting Children’s Data

Nov 15 2024 // U.S. Federal Trade Commissioner Melissa Holyoak said on Thursday the agency should look into how artificial-intelligence products use the data they gather from younger users, amid privacy and safety concerns.Holyoak, one...

AI Thermostats Pitched for Texas Homes to Relieve Stressed Grid

Nov 8 2024 // Three of the biggest names in US home energy automation are coming together to offer some relief to the beleaguered Texas electrical grid.Power supplier NRG Energy Inc. is partnering with Renew Home LLC to distribute about...

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