US Fed successfully using AI to monitor financial stability, governor says

Source Domain: www.mlex.com

The US Federal Reserve, led by Fed Governor Lisa Cook, is leveraging artificial intelligence (AI) to enhance financial stability monitoring.
AI is being used to evaluate how emerging technologies, including cybersecurity and quantum computing, simultaneously create new vulnerabilities and opportunities in the financial sector.
Results from the AI deployment show promising developments on two fronts, though specifics are not detailed in the summary.
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US Fed successfully using AI to monitor financial stability, governor says | MLex