Generative AI has ‘broad systemic implications’ – IMF

Artificial intelligence

Recent breakthroughs in the development of generative artificial intelligence (GenAI) are likely to drive rapid change in the financial sector, with “broad systemic implications”, analysis by the International Monetary Fund finds.

GenAI is a “significant leap forward in AI technology”, IMF economists Ghiath Shabsigh and El Bachir Boukherouaa say in the paper, published on August 22.

They note that ChatGPT, the best-known GenAI platform, surged to 100 million users in just two months, far

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account