Regulatory Uncertainty Hinders AI Innovation

Firms are reluctant to move ahead with AI technologies as there is little regulatory guidance on its ethical implications, exchange providers say.

Artificial intelligence

A lack of regulatory certainty around the ethical implications of black box artificial intelligence (AI) is holding back innovation at financial firms and market infrastructure providers, exchange providers said yesterday.

Firms are nervous about implementing any technology or strategies that could clash with social policy, said John Pigott, founder and CEO of ABE Global, a security token exchange that was launched this year.

There are few ethical concerns surrounding the use of algorithmic

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