AI shows cognitive bias just like humans, tests show
Risk Live: New form of op risk may be “especially dangerous” for model validators, quant says
AI models such as ChatGPT suffer the same flaws as humans in how they ‘think’, tests by a risk tech firm show, creating a new type of risk for financial firms that is uniquely hard to trace.
“Experiments show that AI displays human cognitive biases,” said Alexander Sokol, founder of risk management technology company CompatibL. “It’s a new type of risk unique to AI models, a new form of operational
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