Posted 1/15/2024, 12:50:00 PM
Banking Watchdog Chief Warns Lack of AI Regulation Risks Negative Impacts
- AI's lack of regulation could have negative consequences if not properly governed, warns banking watchdog chair
- Global cooperation needed on AI frameworks to "get the right solution"; financial regulators' coordination on stability can serve as model
- AI's potential impact spans beyond finance to history itself if challenges not managed properly
- AI regulation debates continue ahead of Davos; tech companies support balanced oversight
- Progress on AI governance frameworks in Europe outpaces US so far, but international agreements emerging