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Demystifying Artificial Intelligence (AI) and Generative AI

Newgen Software

Artificial intelligence (AI) has made its presence felt across all domains. The latest to jump onto the artificial intelligence (AI) bandwagon is Generative AI (GenAI). The use cases and possible solutions to current business challenges that AI and its subtypes offer are incredible.

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Colorado AI legislation further complicates compliance equation

CIO

The bill defines consequential decision as being any decision “that has a material legal or similarly significant effect on the provision or denial to any consumer,” which includes educational enrollment, employment or employment opportunity, financial or lending service, healthcare services, housing, insurance, or a legal service.

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Expion Health revamps its RFP process with AI

CIO

On behalf of insurance carriers, pharmacy benefit managers, and other healthcare payers, Expion negotiates prices with pharmacies and medical practices based on volume discounts and other factors. Automation, and generative AI in particular, can transform the insurance industry, he adds.

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Insurtech bolttech gets $196M at $1.6B valuation from investors like MetLife

TechCrunch

The funding was led by Tokio Marine, Japan’s first insurance company, and life insurance leader MetLife through its subsidiary MetLife Next Gen Ventures. Embedded means insurance or protection products that are embedded into the customer experience as they buy a product or sign up for a service.

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The Power of Generative AI for Financial Services

Perficient

One way to do this is by leveraging the power of generative AI. Generative AI is an advanced form of artificial intelligence that can create content from scratch, taking the burden off of manual labor and allowing companies to focus on their core business.

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Cybersecurity Snapshot: U.K. Cyber Agency Urges Software Vendors To Boost Product Security, While U.S. Gov’t Wants Info on Banks’ AI Use

Tenable

gov’t wants to know What obstacles to responsible use of artificial intelligence (AI) do financial institutions face? How is AI impacting their operations? And when banks use AI, how does that affect their consumer and corporate customers, as well as their investors and other third parties?

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Cybersecurity Snapshot: GenAI Drives Broader Use of Artificial Intelligence Tech for Cyber

Tenable

Check out how organizations’ enthusiasm over generative AI is fueling artificial intelligence adoption for cybersecurity. In addition, learn about a new set of best practices for protecting cloud backups. Fifty-six percent are already working with AI and ML. Plus, how CISA plans to revamp the U.S.