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Firms Increasingly Using Synthetic Data to Bolster AI Models

by CDO Review Staff | Aug 27, 2021 | AI, Chief Data Officer

When real-world data isn’t enough, firms are increasingly turning to synthetic data to train their AI models. This includes financial services firms training AI to detect fraud, and hospitals generating fake patient data to train algorithms making medical...

Top Brass Needs To Support AI Projects Or They Will Fail: Study

by CDO Review Staff | Jun 24, 2019 | AI, CDO Insider

A recent Pactera Technologies report titled Artificial Intelligence Localization Winners, Losers, Heroes, Spectators, and You claims that over 85% of all AI projects fail because of lack of support from upper management. Alison DeNisco Rayome filed this report in Tech...

Data Mining Is Top AI Use Case

by CDO Review Staff | Jun 24, 2019 | AI, Asset Management and Trading, Chief Data Officer

Data mining is the primary reason why US financial firms are diving deep into AI and its applications say 36% of those surveyed by Broadridge Financial Solutions. Another 20% said they used AI primarily for post-trade processing while 13% said market analytics. Here...

Can you sue an AI hedge fund that lost $20 million in a day? One billionaire is trying

by CDO Review Staff | May 30, 2019 | AI, Asset Management and Trading

A Hong Kong tycoon who lost $20 million in a single day after he trusted the highly-touted abilities of an AI-powered robot hedge fund to manage his investments is now suing the Company who sold him on the idea. Samathur Li Kin-kan is suing Tyndaris Investments for...

The Best Way To Fight Off AI Attacks Is With More AI

by CDO Review Staff | Apr 8, 2019 | AI, Data Privacy & Security

AI is now powering attacks on companies and the most effective way to counter these attacks is to also employ AI to automate business threat prevention, detection, and response. Ensighten’s Ian Wolley filed this report in Information Age: Last year, 856 million...

Estonia Asks Its CDO To Bring AI Judges To Court System

by CDO Review Staff | Apr 2, 2019 | AI, Government

Estonia wants to clear its backlog of small claims court cases. Might an AI judge do the trick? The Eastern European country has asked its Chief Data Officer, Ott Velsberg, to bring AI into the justice system. Eric Niiler tells us more but Estonia’s AI-related legal...
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