How is AI used in risk management?
Generative AI is the game-changer, marking the culmination of Internet search capabilities and promising to revolutionize various aspects of our daily lives and work.Generative AI enables creators and forms the foundation of innovation by generating data that simulates a genuine “real-feel” data experience. Gen-AI tools are used for creating content including audio, code, images, text, simulations and videos that give real-feel sense just like human-created artifacts. More than being a companion to creators, it has practical uses too, like creating new product designs and optimizing business processes. While similar claims have been made about AI in the past, the latest applications of generative AI continue to generate excitement. But there is no replica to human intelligence, therefore we should responsibly use generative AI. This piece of information will shed light on the concerns pertaining with Generative AI models: Challenges Faced in Generative AI in Risk Management