AI may demand ‘entirely new’ regulatory approach – IMF’s Gopinath

Deputy managing director says artificial intelligence risks “broad negative effect” on employment

Gita Gopinath
Gita Gopinath
IMF Staff Photograph/Stephen Jaffe

Artificial intelligence may demand an “entirely new” approach to regulation and policy-making, the International Monetary Fund’s Gita Gopinath said on June 6.

The first deputy managing director said AI could pose “severe and even existential” risks if humans cede control of critical systems governing areas such as medicine and infrastructure. She said AI was concentrating power in the hands of a few firms, and could have a “broad negative effect” on employment.

“When it comes to AI, we need

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