PIERRE, (KCCR) — Congress is in the process of learning more about artificial intelligence and how to harness it’s power for good in the future. South Dakota Senator Mike Rounds is chair of Senate Banking, Housing and Urban Affairs Committee. The Subcommittee on Securities, Insurance and Investment met Wednesday to get insight from experts in the field of A-I…
Rounds says A-I is analyzing massive amounts of information in capital markets…
Rounds says A-I is also impacting the insurance industry…
Rounds says A-I is helping in the fight against fraud. One major credit card network has indicated A-I has boosted fraud detection rates by up to 300-percent and prevented over 50-billion dollars in fraud within the last three years.
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