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Understanding Explainable AI

(Extracted from The Basis Technology Handbook for Integrating AI in Highly Regulated Industries)

For the longest time, the public perception of AI has been linked to visions of the apocalypse: AI is Skynet, and we should be afraid of it. You can see that fear in the reactions to the Uber self-driving car tragedy. Despite the fact that people cause tens of thousands of automobile deaths per year, it strikes a nerve when even a single accident involves AI. This fear belies something very important about the technical infrastructure of the modern world: AI is already thoroughly baked in.

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Leveraging AI and Machine Learning to Fight Financial Crime

(from our friends at SAP originally published here)

Money laundering schemes were originally created by organized crime to “clean” money made during U.S. Prohibition in the 1930s. Law enforcement caught on and laws were passed to curb the illegal activity. But today technology has made the criminals more emboldened, more creative — and more successful.

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