Central bank chiefs from Asian hubs identify AI as a potential threat to financial stability.

Central bank chiefs from two Asian banking hubs have identified AI as a potential threat to financial stability. Artificial intelligence's misuse, including cyberattacks, has emerged as a key concern for the policymakers. Singapore's central bank chief, Chia Der Jiun, stated that AI lacks human judgement skills needed for setting interest rates and doesn't currently have the ability to replace human decision-making.

May 07, 2024
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