The article discusses the limitations of current #ai technologies such as #chatgpt, #largelanguagemodels, and #generativeai, and argues that we need to advance #researchanddevelopment beyond these limitations.
This paper explores the use of #generativeai models in financial analysis within the Rumsfeldian framework of "known knowns, known unknowns, and unknown unknowns." It discusses the advantages of using #ai #models, such as their ability to identify complex patterns and automate processes, but also addresses the #uncertainties associated with generative AI, including #accuracy concerns and #ethical considerations.
#generativeai AI offers opportunities to enhance #operationalriskmanagement #orm through its ability to analyze #unstructureddata, #simulate #risk #scenarios, and #automate tasks. However, integrating this technology into ORM presents challenges, including #dataquality, #interpretability, #performance validation, #ethicalconsiderations, and organizational readiness.
#generativeai tools offer automation and innovative solutions but carry risks like #intellectualproperty infringement, #offensive or #discriminatory content generation, #databreaches, #financialfraud, and #manipulation.