The expansion of technology like AI is increasing in the 21st century. Due to this increasing expansion, new reports, research and innovations on AI keep coming out every day. In some reports and research, it is said to be cautious with technology like AI, while on the contrary, in some reports and research, its benefits are enumerated. A few days ago, scientists at the University of North Carolina, Chapel Hill, published preprint research on Artificial Intelligence (AI), which showed that it is actually very difficult to remove sensitive data from large language models like OpenAI's ChatGPT and Googlebard. A few days ago, UK Watchdog had termed it as a risk due to the increasing misuse of AI. UK Watchdog had said that as the use of AI is increasing, some companies related to AI are likely to dominate the market. But recently, on the contrary, a new report has come out, in which a different thing has been put forward regarding AI.
Global Pension Report on AI has been presented by Mercer CFA Institute. The report notes that Artificial Intelligence (AI) holds significant potential for pension funds, providing opportunities to reduce costs, enhance investment returns, and identify the risks they pose. At the same time, AI helps pension fund managers analyse large amounts of data, customise investment portfolios and personalise market efforts. The Global Pension Report also states that AI can help with ESG considerations, automate back office processes, predict member behaviour and calculate market sentiment.
Mercer CFA Institute has also cautioned about its risks in the Global Pension Report presented on AI. In fact, Mercer CFA Institute has said in its report that there is a need to pay attention to challenges like fake and misleading information arising from AI and cyber security. So that in the future, measures can be found to avoid the risks coming from AI and cyber security. The reason behind this is that modern technology like AI brings with it many more risks than the benefits it provides, which we need to avoid.
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