Machine learning is best described as a type of algorithm by which?
Machine learning (ML) is a subset of artificial intelligence (AI) where systems use data to learn and improve over time without being explicitly programmed. Option B accurately describes machine learning by stating that systems can automatically improve from experience through predictive patterns. This aligns with the fundamental concept of ML where algorithms analyze data, recognize patterns, and make decisions with minimal human intervention. Reference: AIGP BODY OF KNOWLEDGE, which covers the basics of AI and machine learning concepts.
Which of the following is an example of a high-risk application under the EU Al Act?
The EU AI Act categorizes certain applications of AI as high-risk due to their potential impact on fundamental rights and safety. High-risk applications include those used in critical areas such as employment, education, and essential public services. A government-run social scoring tool, which assesses individuals based on their social behavior or perceived trustworthiness, falls under this category because of its profound implications for privacy, fairness, and individual rights. This contrasts with other AI applications like resume scanning tools or customer service chatbots, which are generally not classified as high-risk under the EU AI Act.
According to the EU Al Act, providers of what kind of machine learning systems will be required to register with an EU oversight agency before placing their systems in the EU market?
According to the EU AI Act, providers of high-risk AI systems are required to register with an EU oversight agency before these systems can be placed on the market. This requirement is part of the Act's framework to ensure that high-risk AI systems comply with stringent safety, transparency, and accountability standards. High-risk systems are those that pose significant risks to health, safety, or fundamental rights. Registration with oversight agencies helps facilitate ongoing monitoring and enforcement of compliance with the Act's provisions. Systems categorized under other criteria, such as those trained on sensitive personal data or exhibiting 'strong' general intelligence, also fall under scrutiny but are primarily covered under different regulatory requirements or classifications.
CASE STUDY
Please use the following answer the next question:
XYZ Corp., a premier payroll services company that employs thousands of people globally, is embarking on a new hiring campaign and wants to implement policies and procedures to identify and retain the best talent. The new talent will help the company's product team expand its payroll offerings to companies in the healthcare and transportation sectors, including in Asia.
It has become time consuming and expensive for HR to review all resumes, and they are concerned that human reviewers might be susceptible to bias.
Address these concerns, the company is considering using a third-party Al tool to screen resumes and assist with hiring. They have been talking to several vendors about possibly obtaining a third-party Al-enabled hiring solution, as long as it would achieve its goals and comply with all applicable laws.
The organization has a large procurement team that is responsible for the contracting of technology solutions. One of the procurement team's goals is to reduce costs, and it often prefers lower-cost solutions. Others within the company are responsible for integrating and deploying technology solutions into the organization's operations in a responsible, cost-effective manner.
The organization is aware of the risks presented by Al hiring tools and wants to mitigate them. It also questions how best to organize and train its existing personnel to use the Al hiring tool responsibly. Their concerns are heightened by the fact that relevant laws vary across jurisdictions and continue to change.
Which of the following measures should XYZ adopt to best mitigate its risk of reputational harm from using the Al tool?
To mitigate the risk of reputational harm from using an AI hiring tool, XYZ Corp should rigorously test the AI tool both before and after deployment. Pre-deployment testing ensures the tool works correctly and does not introduce bias or other issues. Post-deployment testing ensures the tool continues to operate as intended and adapts to any changes in data or usage patterns. This approach helps to identify and address potential issues proactively, thereby reducing the risk of reputational harm. Ensuring the vendor assumes responsibility for damages (B) does not address the root cause of potential issues, selecting the most economical tool (C) may compromise quality, and continuing manual screening (D) defeats the purpose of using the AI tool.
CASE STUDY
Please use the following answer the next question:
ABC Corp, is a leading insurance provider offering a range of coverage options to individuals. ABC has decided to utilize artificial intelligence to streamline and improve its customer acquisition and underwriting process, including the accuracy and efficiency of pricing policies.
ABC has engaged a cloud provider to utilize and fine-tune its pre-trained, general purpose large language model (''LLM''). In particular, ABC intends to use its historical customer data---including applications, policies, and claims---and proprietary pricing and risk strategies to provide an initial qualification assessment of potential customers, which would then be routed a human underwriter for final review.
ABC and the cloud provider have completed training and testing the LLM, performed a readiness assessment, and made the decision to deploy the LLM into production. ABC has designated an internal compliance team to monitor the model during the first month, specifically to evaluate the accuracy, fairness, and reliability of its output. After the first month in production, ABC realizes that the LLM declines a higher percentage of women's loan applications due primarily to women historically receiving lower salaries than men.
Which of the following is the most important reason to train the underwriters on the model prior to deployment?
Training underwriters on the model prior to deployment is crucial so they can apply their own judgment to the initial assessment. While AI models can streamline the process, human judgment is still essential to catch nuances that the model might miss or to account for any biases or errors in the model's decision-making process.
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