AI could challenge ‘art’ of central banking – BIS’s Pereira da Silva

Greater use of artificial intelligence could impact decision-making at central banks, official says

Luiz Awazu Pereira da Silva
Luiz Awazu Pereira da Silva
Photo: Louis Rafael Rosenthal

Increased use of artificial intelligence could impact the way central banks reach decisions about policy, Luiz Pereira da Silva said on August 19.

The deputy general manager of the Bank for International Settlements described AI as one of many “forks” in the road ahead of central banks. “Given big data and the scalability of computer power, there is a realistic chance for non-linear developments, that is, large jumps in AI capabilities,” Pereira da Silva told students graduating from a master’s

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