AI is everywhere, and it’s getting smarter. But can we trust it? That’s the million—perhaps billion—pound question, and the AI assurance industry is racing to keep up.
The European Insurance and Occupational Pensions Authority (EIOPA) has launched a consultation on its Opinion on Artificial Intelligence (AI) governance and risk management, offering guidance on how insurers should manage AI within existing sectoral regulations.
How can large language models (LLMs) improve the way we work with XBRL taxonomies? In her latest blog, XBRL International Guidance Manager Revathy Ramanan explores how AI-powered tools can support taxonomy authors and software vendors, improving taxonomy quality, clarity, and usability.
AI can replace structured data? That’s news to AI. Hear from XBRL International CEO John Turner on exactly why AI needs XBRL in his latest post. “XBRL isn’t a burden; it’s the fuel for AI-powered analysis, ensuring accuracy, comparability, and decision-usefulness,” he says.
By John Turner, CEO of XBRL International, based on an original post on LinkedIn. XBRL is outdated? That’s news to AI—and suggestions from some preparers that AI can replace XBRL remain wildly optimistic! Reality check: AI without structured data is like a self-driving car without roads, maps and experience on the road. It might get […]
The idea that AI doesn’t need XBRL is a bit like saying that a self-driving car doesn’t need roads. It just doesn’t make sense. Yet with the European Commission’s Omnibus proposals sparking debate over regulatory simplifications, there are suggestions that companies don’t need to digitise their reports — perhaps AI can extract financial and sustainability […]
Our review of 2024: three major sustainability taxonomies, AI’s move to centre stage, and why the big endeavours ahead make structured data essential.
Large language models (LLMs) like ChatGPT are transforming the way people work across the globe – and we’re all keen to know what they can do with XBRL reports.
The turn of the year is a great time to look both back and ahead and that makes it a great time to report in more detail on the keynote speech by Joe Atkinson, Global Chief AI Officer at PwC, at Data Amplified 2024.
This article by XBRL International Guidance Manager Revathy Ramanan is based on her presentation at Data Amplified 2024. You can also watch the original video here. Large language models like ChatGPT are fascinating. They’re transforming how we understand and interact with data – and I’ve been particularly curious to explore how we can use LLMs […]
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XBRL International is a global not for profit operating in the public interest. Our purpose is to improve the accountability and transparency of business performance globally, by providing the open data exchange standard for business reporting.
