Synthetic data is radically changing the financial sector’s operations in the UK. The Financial Conduct Authority (FCA) Synthetic Data Expert Group (SDEG) has contributed significantly to this technology by exploring synthetic data and its role in financial services. Their recent findings suggest synthetic data’s digital innovation could lead to robust data privacy. Synthetic Data and […]
Author: EfficiencyAI
Safeguarding Artists from AI with Tennessee’s ELVIS Act
Addressing the Artist’s Dilemma in the AI World AI is rapidly reshaping humanity, permeating every facet of life from healthcare to transportation and not leaving out the music industry. Recently, Governor Bill Lee of Tennessee gave artists considerable goodwill by bringing to life a novel law – The Ensuring Likeness Voice and Image Security (ELVIS) […]
Artificial Intelligence in the UK Government
The UK government is actively focused on fostering a secure and ethical space for the comprehensive adoption and utilisation of artificial intelligence (AI). The government appreciates AI’s transformative power and the numerous challenges it brings, especially within the public sector. Consequently, the government established an overarching, cross-department strategy in 2023 to promote AI’s application within […]
BBC Looking at Developing AI LLM
BBC Exploring Artificial Intelligence (AI) in Journalism As one of the United Kingdom’s principal public broadcasting entities, the British Broadcasting Corporation (BBC) has made its mark on the global stage for its educational, factual, and cutting-edge news journalism. The organisation is no stranger to adapting to the times and has shown a keen interest in […]
Eldertech for an Ageing Society
What is Eldertech? As the global population ages, the significance of elder technology, or Eldertech, is increasingly evident. Businesses are now focusing on digital transformation strategies to cater to this growing demographic, recognising Eldertech’s potential to improve the quality of life for older adults. Understanding the Elder Audience and Their Technological Needs The first step […]
United Nations AI Resolution
Historically, artificial intelligence has been unregulated and free to grow without constraint. Despite its numerous benefits, many have expressed concerns about this emerging technology’s potential risk. Recognising the intersection between AI and human rights, the United Nations (UN) General Assembly has taken an extraordinary step towards the governance of AI. The United States has led […]
What is The EU AI Act?
Understanding the AI Act Artificial Intelligence (AI) has rapidly become integral to various sectors, from healthcare and finance to transportation and entertainment. However, its widespread use has also raised safety, ethics, and human rights concerns. To address these issues and ensure a trustworthy AI ecosystem, the European Union has introduced the AI Act, the world’s […]
Chat GPT-5 Release Date 2024
OpenAI’s GPT-5 Release The artificial intelligence (AI) landscape is set for a significant shift as OpenAI, the pioneering AI company led by Sam Altman, gears up to release the next iteration of its model for ChatGPT, their flagship generative AI tool. Internally referred to as GPT-5, the new model is slated for a mid-year release, […]
AI in Breast Cancer Analysis
Every year, 2 million women across the globe are diagnosed with breast cancer, making it the most prevalent cancer in females worldwide. While increased awareness, early detection, and a broader spectrum of treatment options have led to improved survival rates, many patients still grapple with debilitating side effects post-treatment. To address this, an international team […]
AI Analyst Role and Services
As artificial intelligence (AI) transforms operational patterns and planning, the AI Analyst emerges as a key player in driving innovation and efficiency. This role requires a blend of skills and a deep understanding of how AI can be combined with business objectives to foster transformative growth. Identifying AI Opportunities An AI Analyst’s primary responsibility is […]