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Stock impact report

Calvin Risk secures $4M as its mission to make enterprise AI trustworthy takes off [Yahoo! Finance]

Lloyds Banking Group Plc American Depositary Shares (LYG) 
US:NYSE Investor Relations: lloydsbankinggroup.com/investors
Company Research Source: Yahoo! Finance
Zurich, Nov. 19, 2024 (GLOBE NEWSWIRE) -- As artificial intelligence (AI) rapidly proliferates across enterprises, rushed mediocre implementations create a series of operational risks: bias, opaque decision-making processes, and unpredictable real-world behaviour. Calvin Risk, a Swiss startup born out of ETH Zurich, has raised 4 million in seed funding to help companies deploy AI safely and manage these risks through automated testing and quantitative risk assessment. The investment round was led by Join Capital and seed + speed Ventures, bringing total funding to more than $5 million since the company's inception in 2022. AI models often function as "black boxes", making it difficult to understand how decisions are made or whether underlying biases are influencing outcomes. For companies, this opacity can lead to unintended consequences that threaten both their operations and reputations – especially as generative AI systems like ChatGPT increasingly power customer interactions. T Show less Read more
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