Back in 2014, the Hong Kong-based venture capital group Deep Knowledge Ventures announced that it had successfully appointed an algorithm named “VITAL” to its board of directors. This system of artificial intelligence (AI) was purportedly given the right to vote on whether the firm needed to invest in a specific company or not, similar to… Read More »
Can ChatGPT with Explainable AI interpret explain black box models to non-financial professionals? If the answer is yes, the following question arises: Is it necessary to maintain our protective financial regulatory regime if these robo-advisors can effectively translate complicated financial knowledge to the public? Under the current regulatory framework, only accredited investors, defined as those… Read More »
The importance of good corporate governance has received a renewed vigor over the last decade, culminating recently with the impact of the COVID-19 pandemic. Companies now, more than ever before, need to be more resilient and sustainable. Our recent paper explores the shortcomings of corporate governance and how AI may provide tools to address some of these… Read More »
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