Top Regulators Sound Alarm on A.I. Risks to U.S. Finance
Treasury Secretary Scott Bessent and Fed Chair Jay Powell express concerns that emerging AI technologies could pose significant threats to the stability of the American financial system.
Top U.S. financial regulators are sounding the alarm on the potential risks that artificial intelligence (AI) could pose to the stability of the American economy. In a joint statement, Treasury Secretary Scott Bessent and Federal Reserve Chair Jay Powell warned that the rapid advancement of AI technologies could introduce new vulnerabilities into the country's financial infrastructure.
Bessent and Powell expressed particular concern over the growing use of machine learning and autonomous decision-making systems in critical financial functions like trading, lending, and risk management. They cautioned that these AI-powered tools, if not properly monitored and controlled, could lead to systemic failures and market disruptions with far-reaching consequences.
{{IMAGE_PLACEHOLDER}}Quelle: The New York Times
