FSB Warns Artificial Intelligence Could Present Systemic Risks
Emerging technology could fall outside the regulatory perimeter, and could be impossible for outsiders to fully comprehend.
AI and its various subsets, including machine learning, robotics process automation and natural-language processing, have been among the most widely deployed of a number of emerging technologies that are gaining traction in the financial industry at present.
Programs that employ AI are being actively researched by nearly all major institutions—a recent report from Greenwich Associates estimated that three quarters of banks and financial services firms will be using AI in some form within their
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