A tale of two models, the modeling mindset, three take-aways, top news stories and more in this month's newsletter.
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"Our approach to factors such as interpretability and uncertainty is what takes our models beyond mere performance."

- Christoph Molnar

August 2023 | What's new this month

As the public becomes more aware of generative AI models, thanks in part to tools like OpenAI's ChatGPT, there has been a surge of fear and concern regarding AI regulation and governance. In this article, we put that fear into context and offer actionable steps toward governance, drawing from historical lessons. 

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Episode 4. The AI Fundamentalists welcome Christoph Molnar to discuss the characteristics of a modeling mindset in a rapidly innovating world. He is the author of multiple data science books including Modeling Mindsets, Interpretable Machine Learning, and his latest book Introduction to Conformal Prediction with Python. We hope you enjoy this enlightening discussion from a model builder's point of view.

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Blog Update: 3 things we learned about the modeling mindset

What’s your mindset when building an AI model? Your modeling mindset is the key to making ML applicable to the target problem and explainable to non-technical users and regulators.  Following up on our podcast with Christoph Molnar, read the 3 things that we learned.

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AI Governance & Assurance | Ethics & Responsibility

Open AI has admitted it has a bot that crawls the web to collect AI training data

The rise of generative AI and large language models is undermining the grand web bargain. OpenAI recently admitted that it has one of these spiders crawling around the web. It's called GPTbot and it's being used to scrape and collect online content for AI model training. The next big model, GPT-5, will likely be trained on the data scooped up by this bot. This thoughtful article provides an interesting perspective on data being collected for use by today's generative AI tools. 

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Industry Regulation & Legislation

National Association of Insurance Commissioners (NAIC) Model Bulletin "Use of Algorithms, Predictive Models, and Artificial Intelligence Systems by Insurers.

The NAIC model bulletin draft is under review through September 5, 2023. Monitaur recently participated in the NAIC Summit in Seattle. 

Join the discussion with Anthony on LinkedIn

 

Rules to keep AI in check: A guide to how China, the EU, and the US are reining in artificial intelligence

“Regulation of AI is essential,” Sam Altman, chief executive of technology firm OpenAI, told US senators this May during a hearing on artificial intelligence (AI). Many tech experts and non-experts agree, and the clamor for legal guard rails around AI is rising. This year, the European Union is expected to pass its first broad AI laws after more than two years of debate. China already has AI regulations in place.

 

Impact & Society

The economic potential of generative AI

Generative AI is poised to unleash the next wave of productivity. This report from McKinsey takes a first look at where business value could accrue and the potential impacts on the workforce.

New AI systems collide with copyright law

The new wave of generative AI systems is trained on vast amounts of data - text, images, video, and audio files, all scraped from the internet. Content can be created within seconds of a simple text prompt but, in many cases, the content was scraped without the consent of the creator. 

Upcoming Events

You can always contact us to chat, but let us know if you want to meet in person at these events:

  • IIA/ISACA 2023 GRC Conference, Las Vegas, NV. Aug 21-23
  • ITC Las Vegas, NV October 31 - Nov 2
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