Overcoming AI Hallucinations: Truist’s Chandra Kapireddy

In today’s episode, Chandra Kapireddy, head of generative AI, machine learning, and analytics at Truist, delves into the evolving landscape of AI with a particular focus on how GenAI tools reshape the way Truist and similar organizations must navigate model risk management and regulations. GenAI is more versatile than traditional AI, he notes, yet its flexibility introduces new challenges around ensuring model reliability, validating outputs, and making sure that AI-driven decisions don’t lead to unfair or opaque outcomes. Chandra’s responsible AI approach at Truist is focused on risk mitigation while emphasizing the importance of human oversight in high-stakes decision-making. He points out that while GenAI can vastly improve productivity by handling repetitive or analysis-heavy tasks, it’s essential to properly train employees in order to use the tools effectively and not over-rely on their outputs, especially given their tendency to hallucinate or produce inaccurate results. Read the episode transcript here. Guest bio Chandra Kapireddy is head of generative AI, machine learning, and analytics, at Truist. He brings over 27 years of experience building and leading world-class data, analytics, and artificial intelligence teams to the financial services firm. Kapireddy has held key leadership positions at some of the industry’s leading companies, including Capital One, Wells Fargo, Bank of America, Oracle, and Amazon Web Services. Most recently, he served as managing director and head of AI/ML products for JPMorgan Chase, where he served on the firm’s AI Executive Council, which influences its strategy, products, controls, and governance. Me, Myself, and AI is a collaborative podcast from MIT Sloan Management Review and Boston Consulting Group and is hosted by Sam Ransbotham and Shervin Khodabandeh. Our engineer is David Lishansky, and the executive producer is Allison Ryder. Stay in touch with us by joining our LinkedIn group, AI for Leaders at mitsmr.com/AIforLeaders or by following Me, Myself, and AI on LinkedIn. We encourage you to rate and review our show. Your comments may be used in Me, Myself, and AI materials.