Reported 6 months ago
The U.S. Treasury Department is soliciting public feedback on the use of artificial intelligence in the financial services industry to enhance its comprehension of AI's potential and risks. Treasury Secretary Janet Yellen will emphasize the benefits of AI in reducing transaction costs but also highlight its substantial risks. The Treasury is seeking diverse stakeholder input, particularly on how AI advancements can support inclusive financial service access. Public comments are invited for a 60-day period.
Source: YAHOO