Atlanta’s Bostic concerned by ‘proliferation of models’
The president of the Federal Reserve Bank of Atlanta is concerned at the potential for artificial intelligence (AI) to lead to a loss of diversity in markets, “which leaves us exposed in a way that we should all be concerned about”.
Raphael Bostic said on May 7 that it is important for the Fed to keep abreast of developments in the fast-changing field of machine learning, which feeds into the algorithms used in markets for decisions ranging from trading securities to extending credit. The
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