AI Articles and Analysis about Compliance

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As AI adoption grows, so do the associated risks, including errors, biases, and unexpected outcomes. However, as AI becomes more integral to core business operations, managing operational and financial risks becomes paramount. One way to offset that risk is to ensure AI models. However, that can be difficult to achieve as the process is complex. 

Merck, a global leader in healthcare and pharmaceuticals, focuses on developing innovative medicines, vaccines, and animal health products to improve lives worldwide. 

Cencora, formerly known as AmerisourceBergen, is a leading global pharmaceutical solutions provider focused on delivering healthcare products and optimizing the patient journey. The company collaborates with pharmaceutical manufacturers, healthcare providers, and pharmacies to ensure that patients can access necessary therapies effectively. 

Intuit, the financial software powerhouse behind popular tools like TurboTax and QuickBooks, acquired Credit Karma in 2020 for approximately $1.7 billion. Intuit's mission is to power prosperity globally by offering innovative solutions that help individuals and small businesses manage their finances effectively. 

General Dynamics Electric Boat, a subsidiary of the General Dynamics Corporation founded in 1899, has set high standards in designing, building, and supporting submarines for the U.S. Navy. Its primary operations include a shipyard in Groton, CT, an automated hull-fabrication facility in Quonset Point, RI, and an engineering building in New London, CT. With over 14,000 employees, Electric Boat maintains a robust workforce dedicated to its mission of "designing, constructing, and providing life cycle support to the world's finest submarines."

Where new, emerging capabilities in AI mean new opportunities for financial institutions – especially those that operate financial exchanges, where data and predictive analytics are paramount – the palpable risk of failure in AI adoption initiatives can prove a significant hurdle. 

Humana Inc. is the fourth most significant health insurance provider in the U.S. Founded in 1961, Humana is based in Louisville, Kentucky. Humana was ranked 42 on the Fortune 500 list in 2023. Humana employs over 67,000 individuals and is one of the most prominent publicly traded managed care companies in the U.S.