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In 2025, AI will drive efficiency improvements that empower finance professionals with the crucial insights they need much faster, speeding up execution and driving greater business impact within ...
Treasury Secretary Janet Yellen is expected to warn bankers and tech executives on Thursday that while artificial intelligence could open the door to vast rewards for the financial system, the ...
In the remarks to a Financial Stability Oversight Council and Brookings Institution AI conference, Yellen says AI-related risks have moved towards the top of the regulatory council's agenda.
Industrial artificial intelligence, or industrial AI, usually refers to the application of artificial intelligence to industry and business. Unlike general artificial intelligence which is a frontier research discipline to build computerized systems that perform tasks requiring human intelligence, industrial AI is more concerned with the application of such technologies to address industrial ...
Supporters of artificial intelligence being used in financial audits have claimed that increased risks from instances of higher data interpretation can be minimized through such technologies. [12] One necessary element of an audit of financial statements that requires professional judgement is the implementation of thresholds for materiality .
Computational economics uses computer-based economic modeling to solve analytically and statistically formulated economic problems. A research program, to that end, is agent-based computational economics (ACE), the computational study of economic processes, including whole economies, as dynamic systems of interacting agents. [4]
The Treasury said it is seeking inputs from a broad set of stakeholders and is particularly interested in understanding how AI innovations could help promote inclusive and equitable access to ...
In economics, an externality is a by-product of a production process that imposes burdens (or supplies benefits), to parties other than the intended consumer of a commodity. [43] For example; air and water pollution are ‘negative’ externalities that impose burdens on society and the environment.