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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.
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 ...
Even narrowly focused AI policy initiatives quickly become (virtual) shouting matches among well-funded organizations concerned with existential risk, industry groups concerned with AI’s impact ...
Labor market impacts. Some leaders believe that AI will eradicate human jobs, while others argue that the tech will be a jobs creator, not a jobs destroyer. Christian Sutherland-Wong, ...
Artificial intelligence is used by many different businesses and organizations. It is widely used in the financial sector, especially by accounting firms, to help detect fraud. In 2022, PricewaterhouseCoopers reported that fraud has impacted 46% of all businesses in the world. [1]
U.S. Treasury Secretary Janet Yellen will warn that the use of AI in finance could lower transaction costs but comes with "significant risks," according to excerpts from a speech to be delivered ...
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