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AI Auditing

Definition

AI auditing involves assessing artificial intelligence systems for their performance, fairness, and security. This process systematically examines AI models, algorithms, and data to confirm compliance with predefined standards, detect biases, and verify operational integrity. It critically evaluates the decision-making processes and outcomes of AI systems, particularly within financial or blockchain applications, to ensure transparency and accountability. Such evaluations are crucial for mitigating risks associated with autonomous systems handling digital assets.