How Calvin Risk Wants To Help Companies Navigate AI Risk [Forbes]
Lloyds Banking Group Plc American Depositary Shares (LYG)
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Source: Forbes
The race is on to turn the hype of artificial intelligence (AI) into reality – for enterprises to use AI to claim the benefits it supposedly offers, from increased efficiency and effectiveness to strategic advantage. However, as organisations step up their use of AI, there's a problem – the opacity of many AI solutions exposes them to operational and regulatory risk. Calvin Risk , a Switzerland-based start-up that is today unveiling the successful completion of a $4 million seed funding round, pitches itself as the solution to this dilemma. “As the number of AI models increases, along with their complexity, the dangers are increasing,” warns Julian Riebartsch, CEO and co-founder of the company with Dr Syang Zhou. “There is now a significant risk of financial and reputational damage, and that has increased since the mass adoption of generative AI (GenAI).” The problem is that GenAI models typically operate as ‘black boxes'. Many enterprises use these models as foundational technol
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Sec Filings
- 11/20/24 - Form 424B2
- 11/20/24 - Form 6-K
- 11/20/24 - Form FWP
- LYG's page on the SEC website