AI poses risk to global financial stability – RBI
Technological disruption and geopolitical fragmentation are reshaping financial system, says governor
The Reserve Bank of India has said that although the artificial intelligence boom has contributed to the resilience of the global financial system in the wake of recent shocks, AI also poses a risk to financial stability.
In the bank’s latest bi-annual financial stability report, published on June 30, governor Sanjay Malhotra said the global economy and financial system were being “reshaped by two profound forces – growing geopolitical fragmentation and technological disruption brought about by
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