Posted 12/15/2023, 7:49:08 AM
Regulators Flag AI Risks Despite Benefits, Call for Oversight to Address Cybersecurity, Privacy Concerns
- Financial regulators' report warns rapid AI adoption could pose risks if not properly supervised
- Report flags AI's potential benefits but cautions risks like cybersecurity, lack of explainability
- Regulators may struggle to monitor complex AI tools and identify emerging risks
- AI relies heavily on external data and vendors, raising privacy and security issues
- Regulators like SEC examining AI use; White House issued order to address AI risks