AI foundations
Machine learning
Systems that learn patterns from data rather than only following fixed rules.
Also known as: ML
Definition
Machine learning uses statistical algorithms to fit patterns from examples and apply them to prediction, classification, ranking or generation.
Why it matters
Banks have governed machine-learning models for years; generative AI extends rather than replaces those established model-risk disciplines.
Related concepts
- Artificial intelligence
Computer systems performing tasks that normally require human intelligence.
- Deep learning
Machine learning based on neural networks with many processing layers.
- Model risk management
Governance for risks created by incorrect or misused models.