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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.
The Financial Stability Oversight Council, a SWAT team of regulators formed after the 2008 financial crisis, formally designated AI as an “emerging vulnerability.”
On its current trajectory and with current capabilities, AI’s biggest impact will come from automating some tasks and making workers a little more productive in some occupations. For now, this ...
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 ...
Generative artificial intelligence (generative AI, GenAI, [165] or GAI) is a subset of artificial intelligence that uses generative models to produce text, images, videos, or other forms of data. [ 166 ] [ 167 ] [ 168 ] These models learn the underlying patterns and structures of their training data and use them to produce new data [ 169 ...
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 ...
Artificial intelligence is used in astronomy to analyze increasing amounts of available data [160] [161] and applications, mainly for "classification, regression, clustering, forecasting, generation, discovery, and the development of new scientific insights" for example for discovering exoplanets, forecasting solar activity, and distinguishing ...