Sberbank lost billions of rubles due to artificial intelligence errors
As a result of artificial intelligence errors, Sberbank lost billions of rubles, admitted bank president German Gref at a private school in Moscow during a “Numbers Lesson.” Artificial intelligence makes decisions “in large systems,” Gref said, and “a small error that has crept into the algorithm can lead to very large consequences,” Vedomosti reports. “Because the machine made a small mistake on large volumes, we lost billions of rubles,” Gref said.