ChatGPT and Generative AI: The New Barbarians at the Gate
#ethical dilemmas and #regulatory considerations associated with #ai and #chatgpt adoption in financial analysis are ... addressed, emphasizing the need for responsible AI usage and human oversight in critical #financial judgments.
“... we provide evidence that setting the risk-weighted ratio at 15\% and the simple leverage ratio at 10% would significantly decrease the probability of default without hampering banks' activities.”
The study investigated how ChatGPT and Bard categorize investor risk profiles compared to financial advisors. While there were no significant differences in the risk scores assigned by the chatbots an
The paper suggests that companies developing high-risk AI systems should demonstrate their safety before deployment, arguing for proactive risk management. It proposes a risk management approach where