Canadian companies' AI policies aim to balance risk with rewards [Globe and Mail, The (Toronto, Canada)]
Sun Life Financial Inc. (SLF)
Last sun life financial inc. earnings: 2/12 05:01 pm
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Source: Globe and Mail, The
“You'd be wrong to not leverage the power of this technology. It's got so much opportunity for productivity, for functionality,” said Niraj Bhargava, founder of Nuenergy.ai , an Ottawa-based AI management software firm. “But on the other hand, if you use it without putting (up) guardrails, there's a lot of risks. There's the existential risks of our planet, but then there's the practical risks of bias and fairness or privacy issues.” Striking a balance between both is key, but Bhargava said there's “no one size fits all” policy that works for every organization. If you're a hospital, you might have a very different answer to what's acceptable than a private sector tech company, he said. There are, however, some tenets that frequently crop up in guidelines. One is not plugging in client or proprietary data into AI tools because companies can't ensure such info will remain private. It might even be used to train the models that power AI systems. Another is treating anything
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