Banking industry eyes ‘nutrition labeling’ for AI models to validate data sources

The banking industry is calling for “nutrition labeling” by the tech sector of its artificial intelligence models to validate the source and authenticity of the data used to train generative AI models, in an effort to counter fraud and other emerging AI risks, following a meeting with Treasury Department officials about their recent report on AI benefits and risks.

“Currently, gen AI can generate results and there's no requirement to disclose what data was used. The recommendation is to create...