‘Black box’ AI could pose macro risks – FSB
Amid the rapid spread of AI it can be hard to tell where the dangers lie, report finds
Artificial intelligence may produce systems so complex that humans cannot fathom their operation, posing major stability risks, the Financial Stability Board warns in a new report.
AI and machine learning, a sub-category of the field, are rapidly being adopted across the financial system, the FSB notes. These changes are reshaping the way firms take decisions on trading, capital allocation, credit provision and more.
The FSB defines AI as the “theory and development of computer systems able to
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