German Gref struggles with artificial intelligence and extra employees
Due to numerous mistakes made by artificial intelligence, Sberbank lost billions of rubles. This statement was made by the head of this financial institution, German Gref, in a private Moscow school during the "Lesson in Figures."
The president of Sberbank sees the main reason for financial losses in the fact that artificial intelligence makes decisions in large systems. In these conditions, even a minor error of the algorithm can lead to serious financial losses. The slightest inaccuracy in the operation of computers can cause the loss of billions of rubles.
Bank specialists had to detect and eliminate these errors. Sberbank studied on them and improved the system so that such failures did not recur. True when reporters TASS they clarified in the press service of the financial organization what losses were involved, they were told that German Gref was talking about lost profits.
The head of Sberbank noted the importance of using artificial intelligence to solve routine tasks associated with large amounts of computing. Last year, he said that as a result of the introduction of “machine intelligence”, 70 percent of mid-level managers involved in solving simple problems were laid off.
The president of Sberbank sees the main reason for financial losses in the fact that artificial intelligence makes decisions in large systems. In these conditions, even a minor error of the algorithm can lead to serious financial losses. The slightest inaccuracy in the operation of computers can cause the loss of billions of rubles.
Bank specialists had to detect and eliminate these errors. Sberbank studied on them and improved the system so that such failures did not recur. True when reporters TASS they clarified in the press service of the financial organization what losses were involved, they were told that German Gref was talking about lost profits.
The head of Sberbank noted the importance of using artificial intelligence to solve routine tasks associated with large amounts of computing. Last year, he said that as a result of the introduction of “machine intelligence”, 70 percent of mid-level managers involved in solving simple problems were laid off.
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