Rhetoric on AI is rarely backed up by resources – panellists
Central bankers tell Summer Meetings their institutions seldom have enough to spend on innovation
Although central banks talked a great deal about leveraging artificial intelligence, they were less willing to allocate sufficient resources, a senior official from an advanced economy institution told a discussion at the Central Banking Summer Meetings.
At the panel event in London on June 12, an official from a second advanced economy central bank added that innovation was “crucial for smaller central banks. We need space to fail. But we learn from those failures”.
However, a panellist from a
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