AI’s Rise Could Threaten Financial Stability, Warns RBI Governor
ThegrowinguseofAIraises the risk of data breaches and cyber-attacks, said the RBI Governor. (File) Mumbai: The growing use of artificial intelligence and machine learning in financial services globally can lead to financial stability risks and warrants adequate risk mitigation practices by banks, the Governor of the Reserve Bank of India said on Monday. “The heavy reliance on AI can lead to concentration risks, especially when a small number of technology…
Read More “AI’s Rise Could Threaten Financial Stability, Warns RBI Governor” »