RBI governor warns of financial stability risks from AI
Das calls on banks to guard against liquidity stresses resulting from disinformation
The governor of the Reserve Bank of India said on October 14 that artificial intelligence (AI) and machine learning pose risks to financial stability.
Speaking at a conference in New Delhi, Shaktikanta Das said that even though the technologies had opened new avenues of business for financial institutions, they could amplify systemic risks.
“Failures or disruptions in these systems may cascade across the entire financial sector,” Das said. He added that the growing use of AI brought new problems
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