artificial intelligence (AI) News

Viewpoint: Deepfake Fraud Is On the Rise. Here’s How Insurers Can Respond

It is interesting—and telling—that one of the concerns around generative artificial intelligence has to this point largely revolved around copyright infringement. The most high-profile lawsuits around GenAI have so far centered on the idea that this technology will absorb the …

OpenAI’s Internal AI Details Stolen in 2023 Breach, NYT Reports

A hacker gained access to the internal messaging systems at OpenAI last year and stole details about the design of the company’s artificial intelligence technologies, the New York Times reported on Thursday. The hacker lifted details from discussions in an …

As AI Gains Workplace Foothold, States Try to Make Sure Workers Aren’t Left Behind

With many jobs expected to eventually rely on generative artificial intelligence, states are trying to help workers beef up their tech skills before they become outdated and get outfoxed by machines that are becoming increasingly smarter. Connecticut is working to …

AI and APIs: Essential Tools for Zurich Insurance Group’s Digital Leap

Executive Summary: For a multinational insurance company like Zurich Insurance Group, which can find itself delivering large, complex policies in multiple languages to a single international customer, there’s a logical use case for Gen AI’s large language models in providing …

‘Great Resignation’ Enters Third Year as Workers Embrace AI, Upskilling, PwC Says

The proportion of workers who expect to switch employers in the next 12 months is higher than that from the “Great Resignation” period of 2022, a PwC survey of the global workforce found. Around 28% of more than 56,000 workers …

Music Labels Sue AI Companies Suno, Udio for Copyright Infringement

Major record labels Sony Music, Universal Music Group and Warner Records sued artificial intelligence companies Suno and Udio on Monday, accusing them of committing mass copyright infringement by using the labels’ recordings to train music-generating AI systems. The companies copied …

Facial Recognition Startup Clearview AI Settles Privacy Suit for $50M

CHICAGO (AP) — Facial recognition startup Clearview AI reached a settlement Friday in an Illinois lawsuit alleging its massive photographic collection of faces violated the subjects’ privacy rights, a deal that attorneys estimate could be worth more than $50 million. …

AI Chatbots, Gen AI Set to Revolutionize Insurance Claims Processing: Survey

A majority of global insurers are actively endorsing the application of AI chatbots and generative AI in claims resolution processes, underwriting and customer fulfilment, according to a survey conducted by Gallagher Bassett, the claims-services provider and subsidiary of Arthur J. …

Thanks to AI, Industry Will Soon See Big Jump in Parametric Insurance, Consultant Says

Insurance agents must now embrace the use of artificial intelligence, but they won’t be replaced by it. And the use of parametric policies will soon increase sharply across property insurance lines because that coverage lends itself perfectly to data-driven AI …

SEC Charges AI-Based Startup With ‘Old School Fraud Using New School Buzzwords’

The Securities and Exchange Commission (SEC) this week charged Ilit Raz, CEO and founder of the failed artificial intelligence recruitment startup Joonko, with defrauding investors of at least $21 million. According to the SEC, Raz gave investors false and misleading …