Top United States regulators are worried about the instability in the finance sector posed by artificial intelligence (AI). Treasury Secretary Janet Yellen announced that the council will be keeping an eye on evolving technologies and the risks associated with them. The council says that AI could introduce or amplify risks at financial institutions, including its ability to apply discriminatory bias in lending. The report from the council outlines a number of risks that AI could introduce or amplify at financial institutions, including its ability to apply discriminatory bias in lending. Both Treasury Secretary Yellen and the report mentioned several other risks to financial stability, including possible bank failures and the rapid speed of information delivery increasing the effects of those overruns.
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