Drop us a note In this episode of Risk! Engineers Talk Governance, due diligence engineers Richard Robinson and (Risk Engineer Achievement Award winner!) Gaye Francis discuss Risk, Uncertainty, and Hallucinations.  Prompted by a recent course on AI and probability, Richards exaplins how large language models actually work as giant inference engines predicting the "most likely" next word, and why that's fundamentally different from genuine risk assessment.  They explore why AI can wi...

Update: New Zealand’s Health & Safety at Work Amendment Bill (Received Royal Assent)

Due Diligence and Risk Engineers Richard Robinson and Gaye Francis discuss governance in an engineering context.Richard &amp; Gaye are co-directors at R2A and have seen the risk business industry become very complex. The OHS/WHS 'business', in particular, has turned into an industry, that appears to be costing an awful lot of organisations an awful lot of money for very little result.&nbsp;Richard &amp; Gaye's point of difference is that they come from the Common Law viewpoint of what would be expected to be done in the event that something happens. Which is very, very different from just applying the risk management standard (for example).&nbsp;They combine common law and risk management to come to a due diligence process to make organisations look at what their risk issues are and, more importantly, what they have to have in place to manage these things.Due diligence is a governance exercise. You can't always be right, but what the courts demand of you is that you're always diligent&nbsp;