Companies × risks
Nomura Research Institute
Nomura Research Institute deploys AI as part of its consulting and systems integration services, including deploying open-source LLMs in private and on-premises environments for enterprise clients. It also develops specialised industry-specific LLMs via continued pre-training on financial data and fine-tuning for regulated finance and insurance tasks.
We reviewed 4 public documents from Nomura Research Institute and found it acknowledges 9 of 24 AI risks, including discrimination and loss of privacy.
Sector: Professional and Technical Services; Other Services
Roles: AI deployer; Specialized AI developer; AI infrastructure provider
AI risks Nomura Research Institute acknowledges
- Discrimination: “NRI recognizes that the accuracy and representative bias of the data used for AI training, etc., as well as social biases inherent in the data, may cause errors or biases in the results of AI judgments... [and] strives to ensure that no individual or group is unfairly discriminated against in the use of AI.” (Nomura Research Institute 2025 Integrated Report)
- Loss of privacy: “respond not only to the fundamental risks of AI such as "information divulgence," "bias and unfairness," and "invasion of privacy” (NRI - ESG Databook 2025)
- False information: “Hallucinations: AI-generated outputs that present false information as factual.” (NRI - ESG Databook 2025)
- Capability & robustness: “AI learning from unintended data and exhibiting unpredictable behavior” (NRI - ESG Databook 2025)
- Devaluation of human creativity: “new risks such as "infringement of copyrights and other rights” (NRI - ESG Databook 2024)
- Environmental harm: “The ICT industry has high CO₂ emissions and therefore great responsibility regarding climate change, which is a negative externality... As a corporate group that promotes DX and the use of AI, our impact on climate change and our responsibility will increase as our business expands in the future.” (NRI - ESG Databook 2025)
- Disinformation & influence: “Deepfakes: Synthetic media that can mislead stakeholders or distort public perception.” (NRI - ESG Databook 2025)
- Weapons & cyberattacks: “conflicts ... have highlighted the use of AI technologies in international disputes and warfare-through cyberattacks ... and drone operations.” (NRI - ESG Databook 2025)
- Governance failure: “the pace of AI development has outstripped the evolution of governance frameworks” (NRI - ESG Databook 2025)
Documents we reviewed
- NRI - ESG Databook 2025 (ESG report, 2025)
- NRI - ESG Databook 2024 (ESG report, 2024)
- Nomura Research Institute 2025 Integrated Report (Annual report, 2025)
- AI Governance | Evolve governance | Nomura Research Institute (NRI) (AI governance, 2025)