Armilla AI

🚨 Most AI Coverage Not Fit for Purpose? Hear It from Our CEO on The Insurer TV! 🚨 A huge thank you to The Insurer TV for hosting an insightful conversation with Armilla AI's CEO, Karthik Ramakrishnan, at this year's FERMA Forum! Karthik shared some perspectives on the current gaps in AI insurance coverage, underscoring the risks companies face with traditional policies: 🤖 AI Risks & Coverage Gaps: Karthik highlighted that AI risks often fall outside typical cyber policies, which focus on breaches, disruptions, and data leaks. Meanwhile, Errors & Omissions (E&O) policies are silent on AI, leaving companies uncertain about coverage for AI-related liabilities. 📈 Liability Risks on the Rise: With McKinsey projecting that 70% of companies will use AI by 2030, Karthik emphasized the growing urgency for clear AI coverage. “There are about 140-150 lawsuits involving copyright, bias, discrimination, and misuse—demonstrating that companies need definitive, reliable coverage,” he said. 💡 Stress Testing for Robustness: Armilla’s unique approach includes stress-testing AI with unexpected data to ensure it can handle unforeseen challenges. “If a model performs well on out-of-distribution data, it’s less risky,” Karthik explained, underscoring how Armilla’s risk assessments go beyond the “rule of thumb” used in traditional coverage. 🏢 Armilla AI’s Solution - A Product Guarantee for AI: Driven by these challenges, Armilla offers a unique product guarantee for AI in partnership with leading reinsurers like Greenlight Re, Chaucer, and Swiss Re. This guarantee provides confidence by backing the performance of AI models and covering costs if issues arise. 👉 Watch the full interview to learn why the lack of clarity around AI coverage is a problem — https://lnkd.in/gjhvc3B5 #FERMAForum #AIInsurance #Insurtech #AI

This week's edition of the Armilla Review features AI developments and their implications. Top stories: 🌟 The White House issued its first National Security Memorandum on AI, highlighting its priority and outlining governance steps to protect U.S. AI innovation. 🌟 Whisper’s transcriptions raise concerns as hallucinations threaten accuracy in high-stakes settings like healthcare. Experts call for safeguards in sensitive applications. 🌟 AI companionship apps face scrutiny after tragic incidents highlight risks for vulnerable users. The debate grows on whether AI “friends” should be regulated. 📖 Read the full articles in this week's Armilla Review and stay informed about the future of AI!

🌐 Armilla Review | Weekly AI Digest 🌐 This week in the Armilla Review, we dive into key stories shaping AI, policy, and market trends: 🇺🇸 White House Issues Landmark AI Security Memo 🛡️ EU AI Act ramps up compliance 📈 Generative AI and the American Workforce 🏥 Whisper's transcriptions raise concerns 💔 AI companionship faces scrutiny after tragic incident 📜 Microsoft's Nadella calls for a copyright rethink 🖥️ Google’s Project Jarvis 🧟♂️ ZombAIs: Anthropic's Claude proves a cautionary tale 💡 Stay ahead of the curve by following Armilla AI for more insights into the ever-evolving AI landscape. 📬 Sign up for our newsletter now to get the latest updates directly in your inbox. 🔗 https://lnkd.in/gAtQaNUY #AI #MachineLearning #AIDigest #ArmillaReview

🎃 New Blog! 🎃 This Halloween season, Andrew Marble dives into the spooky and innovative world of AI with a blog post exploring how language models like OpenAI’s GPT-4o and Anthropic’s Claude 3.5 handle image analysis and structured output generation! 👻 With a unique twist, Andrew crafted an AI-powered pumpkin carving competition, building a pipeline that used Claude to create carving prompts and Flux.1-schell to generate the images—each one rated for scariness, creativity, and skill. 🕸️ Using structured outputs, GPT-4o and Claude were put to the test as they analyzed these eerie jack-o’-lanterns and assigned ratings and stories based on their designs. In this experiment, Andrew digs into: 🔸 How both models scored for accuracy in structured outputs 🔸 The "faithfulness" of their ratings using RAGAS metric 🔸 A look at how each model interprets creativity vs. skill Head over to the blog for some AI chills, and don’t miss the video showcasing the results! 📽️ This might just be the most creative pumpkin patch you’ll see this season! Video: https://lnkd.in/ggB4F3vd Blog: https://lnkd.in/g4GPf9Yg #HalloweenAI #LanguageModels #AIResearch #GPT4o #Claude3.5 #ImageAnalysis #StructuredOutputs #SpookySeason 👻

We're thrilled to be featured in a recent article highlighting the advancements of AI chatbots in the automotive industry! A recent article highlights how Toronto-based startup CARITY is collaborating with Volkswagen Canada to create smarter chatbots that can better answer complex customer questions about electric vehicles (EVs). Our CEO, Karthik Ramakrishnan, shared insights on how chatbots are getting better at managing complex customer questions when equipped with the right safeguards. At Armilla AI, we rigorously test bots by feeding them tens of thousands of prompts designed to test for responses that are accurate, helpful, and free from biases, and to identify any security issues or other harmful behaviors Our AI validation and monitoring solutions empower companies to deploy AI models with confidence, ensuring safety, reliability, and fairness across applications. Read more about how AI is transforming customer experiences in the automotive sector and the role Armilla AI is playing in making chatbots smarter and safer: https://lnkd.in/gKbehKv9 #AI #Chatbots #AutomotiveIndustry #ArmillaAI #MachineLearning #EV #AIValidation #AITrust #ArtificialIntelligence

Catch the ITC crew with their hot takes from this years show!

(This is a revision of a post from yesterday as an experiment, please enjoy the shorter, embedded video) There's a new AI model out this week by Anthropic that can use a computer. These newer models present interesting challenges as we try to develop best practices to evaluate them and understand their risks. The logical first step when a new model comes out is to play with it and compare it to it's predecessors. Despite being cool, the computer-use model is an incremental evolution that has lots of precedents (I show examples by LangChain and MultiOn) So I'm sharing a video comparing the new Anthropic system with some other ones at a simple task. More to come on how we can use and evaluate these.

🚀 Exciting News! Armilla AI is proud to announce our membership in the AI Verify Foundation – a global open-source community working together to build trustworthy AI. At Armilla, we believe that responsible AI is the key to a safer, more secure future. As part of the AI Verify Foundation, we’ll collaborate with industry trailblazers to develop and deploy AI testing tools that enhance compliance, fairness, and risk mitigation for businesses worldwide. By joining forces with AI owners, solution providers, users, and policymakers, we are taking another step towards making AI safer and more reliable for everyone. 🔗 Learn more about how we’re building confidence in AI by delivering robust risk mitigation solutions: https://www.armilla.ai/ #AI #ResponsibleAI #AIVerify #RiskManagement #TrustworthyAI #ArmillaAI IMDA

🚀 Armilla Review: Your Weekly AI Industry Digest 🚀 This week in the Armilla Review, we’re bringing you the latest news from the world of AI, covering critical updates from Congress, innovative uses of AI in customer service, breakthroughs in AI evaluation, and more! 🌐💡 Here are the highlights: 🏛️ Congress Races to Address AI Concerns Before Year's End 📞 Reinventing Customer Service with AI 🤖 Agents Evaluating Agents: A New AI Evaluation Framework 🚀 Headstart Accelerates Software Development by 100x with AI 🔍 Perplexity's Internal Knowledge Search and Spaces 🏢 AI Enhancing Employee Experience 💡 Stay ahead of the curve by following Armilla AI for more insights into the ever-evolving AI landscape. 📬 Sign up for our newsletter now to get the latest updates directly in your inbox. 🔗 https://lnkd.in/gAtQaNUY #AI #MachineLearning #Innovation #TechNews

🌟 Armilla AI is at #FERMAForum, and we can’t wait to connect with you! 📍 Visit us at the Insuretech Area in Hall 7, next to the Plenary, on October 21-22, 2024, to explore: > How to de-risk your AI adoption with performance guarantees > Strategies to validate AI vendor claims with independent assessments > Methods to protect your organization from AI-related liabilities > Ways to ensure regulatory compliance in AI implementations Let’s discuss how we can enhance your AI risk management strategies! Book a 15-minute meeting with us here: https://lnkd.in/g-TPdfTq 👀 P.S. Insurance professionals can win a complimentary AI risk assessment report (valued at $10,000)! Visit our booth to enter the draw! Looking forward to seeing you at #FERMA2024! 👋 #InsurTech #AIrisk #AIGovernance