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Calvin Risk has successfully raised $4 million in funding to enhance AI safety and compliance for enterprises. The funding aims to empower businesses with real-time risk insights, particularly in light of the upcoming EU AI Act, which will require companies to assess and document the risks associated with their AI models. Non-compliance with this regulation could result in severe penalties. This initiative positions Calvin Risk as a key player in ensuring that AI models operate safely and in accordance with regulatory standards.
Federato fixes insurance risk analysis with AI, raises $40M: https://t.co/m9Vvgfgi18 by TechCrunch #infosec #cybersecurity #technology #news
Oh great, another startup fixing insurance with AI. Who knew analyzing risk could be so riveting? Federato just snagged $40M to turn those gigantic datasets into something useful. Because who doesn't love a good risk assessment? Dive into the details here: https://t.co/PtTxQt1C7s
As AI is rolled out across enterprises, how can we ensure models are operating safely and compliantly? And now, the upcoming EU AI Act will mandate that companies assess and document the risks of their AI models, with severe penalties for non-compliance. Calvin Risk is solving…