IAPP Updated AIGP Exam Questions and Answers by rohan

A company is working to develop a self-driving car that can independently decide the appropriate route to take the driver after the driver provides an address.

If they want to make this self-driving car “strong” Al, as opposed to "weak,” the engineers would also need to ensure?

CASE STUDY

Please use the following answer the next question:

ABC Corp, is a leading insurance provider offering a range of coverage options to individuals. ABC has decided to utilize artificial intelligence to streamline and improve its customer acquisition and underwriting process, including the accuracy and efficiency of pricing policies.

ABC has engaged a cloud provider to utilize and fine-tune its pre-trained, general purpose large language model (“LLM”). In particular, ABC intends to use its historical customer data—including applications, policies, and claims—and proprietary pricing and risk strategies to provide an initial qualification assessment of potential customers, which would then be routed a human underwriter for final review.

ABC and the cloud provider have completed training and testing the LLM, performed a readiness assessment, and made the decision to deploy the LLM into production. ABC has designated an internal compliance team to monitor the model during the first month, specifically to evaluatethe accuracy, fairness, and reliability of its output. After the first month in production, ABC realizes that the LLM declines a higher percentage of women's loan applications due primarily to women historically receiving lower salaries than men.

Which of the following is the most important reason to train the underwriters on the model prior to deployment?

What is the 1956 Dartmouth summer research project on Al best known as?

An EU bank intends to launch a multi-modal Al platform for customer engagement and automated decision-making assist with the opening of bank accounts. The platform has been subject to thorough risk assessments and testing, where it proves to be effective in not discriminating against any individual on the basis of a protected class.

What additional obligations must the bank fulfill prior to deployment?