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Artificial Intelligence (AI) is part of us and has transformed how we live and work today. This transformation is also evident in the banking industry. What once required long queues and endless...
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.
Generative artificial intelligence (generative AI, GenAI, [167] or GAI) is a subset of artificial intelligence that uses generative models to produce text, images, videos, or other forms of data. [ 168 ] [ 169 ] [ 170 ] These models learn the underlying patterns and structures of their training data and use them to produce new data [ 171 ...
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 ...
The problem with the AI bubble isn’t that it is bursting and bringing the market down—it’s that the hype will likely go on for a while and do much more damage in the process than experts are ...
The letter highlights both the positive and negative effects of artificial intelligence. [7] According to Bloomberg Business, Professor Max Tegmark of MIT circulated the letter in order to find common ground between signatories who consider super intelligent AI a significant existential risk, and signatories such as Professor Oren Etzioni, who believe the AI field was being "impugned" by a one ...
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 ...