U.S. Treasury Secretary Janet Yellen has issued a warning about the significant risks associated with the use of artificial intelligence (AI) in the financial sector. In a speech, Yellen highlighted that while AI has the potential to lower transaction costs and offer tremendous opportunities, it also poses significant risks such as conflicts of interest and financial stability concerns. The Treasury Department is in regular communication with financial regulators to mitigate risks related to illicit finance, including money laundering and terrorist financing. Additionally, the Treasury is seeking public comments to better understand the opportunities and risks of AI in the financial services sector. SEC Chair Gary Gensler also expressed concerns about the potential for AI algorithms to trade against investors, raising further questions about AI's impact on Wall Street and capital markets.
Treasury Secretary Yellen warns of financial stability risks posed by AI https://t.co/rfy7h5vFeE
Janet Yellen is now warning that artificial intelligence could pose “significant risks” to the financial system. You really can't make this up at this point. How about confiscating a country's reserves?
Discover the potential financial risks posed by artificial intelligence according to Treasury Secretary Janet Yellen in this insightful blog post. Stay informed and read more here: https://t.co/3GN2K8Nhdz
Check out this insightful blog post on the financial risks posed by artificial intelligence, as warned by Treasury Secretary Janet Yellen. Gain valuable insights and stay informed. Read more here: https://t.co/3GN2K8Nhdz
🚨🇺🇸 YELLEN YELLING ABOUT AI IN FINANCE... WANTS YOUR OPINION U.S. Treasury has called for public comments on AI use in the financial sector, aiming to understand its opportunities and risks. Yellen emphasized the great risks and threats AI poses to the financial sector while… https://t.co/WdAfvV3Z4D
Treasury Secretary warns of AI's potential rewards and risks in finance #AI #artificialintelligence #FinancialServices #Government #JanetYellen #llm #machinelearning https://t.co/J8ePIaQS7i https://t.co/X0Ndoofavg
🔵 US TREASURY SEEKS PUBLIC COMMENTS ON AI USE IN FINANCIAL SERVICES SECTOR Full Story → https://t.co/aYovIf1loI The U.S. Treasury Department said on Thursday it is seeking public comments on the use of artificial intelligence in the financial services sector. https://t.co/7T43Q6yLy5
US TREASURY DEPARTMENT SEEKS MORE INPUT ON AI USES IN FINANCE.
Discover the potential risks of AI in finance as highlighted by Janet Yellen. Gain valuable insights into the impact of artificial intelligence on the financial sector. Read more at: https://t.co/YfRed7y7E1
Discover the potential risks of AI in finance. Janet Yellen highlights the implications in this insightful blog post. Stay informed and read more here: https://t.co/b9uuhItmYZ
Discover the latest insights on AI risks from Treasury Secretary Janet Yellen in our newest blog post. Gain valuable knowledge on the impact of AI. #AI #Tech #TreasurySecretary Read the full post here: https://t.co/aPwzI6fwQr
Check out this insightful blog post on the warnings given by Janet Yellen about the significant risks posed by AI in finance. Stay informed about the potential impacts on the financial sector. Read more at: https://t.co/YfRed7xzOt
Yellen to warn of 'significant risks' of AI in finance while acknowledging 'tremendous opportunities' https://t.co/2gT1OxqK4B
⚪️ Yellen said that the Treasury Department is in regular communication with financial regulators on their AI-related efforts, including harnessing the technology to mitigate illicit finance risks, including money laundering, terrorist financing and sanctions evasions. The… https://t.co/3UT9sCmdds
➡️ Warning of risks! Secretary Yellen expresses concerns about the "significant risks" associated with the use of AI in finance. https://t.co/QzzABG03QD
Yellen To Warn of 'Significant Risks' From Use of AI in Finance https://t.co/2fltQKe0Zr
Discover the potential risks of AI in finance as highlighted by Janet Yellen. Gain valuable insights into the concerns surrounding the use of AI in the financial sector. Read more at: https://t.co/YfRed7xzOt
According to CNN, in a speech tomorrow Yellen is expected to share concerns that using artificial intelligence in finance or banking has 'significant risks'. https://t.co/YzQTzEzm5l
Yellen to warn of 'significant risks' from use of AI in finance https://t.co/4sCb6u9hst https://t.co/s44njMUAWR
Check out this insightful blog post on the significant risks posed by AI in finance, as warned by Janet Yellen. Stay informed about the potential impacts of AI on the financial sector. Read more at: https://t.co/YfRed7xzOt
🔵 YELLEN TO WARN OF 'SIGNIFICANT RISKS' FROM USE OF AI IN FINANCE Full Story → https://t.co/aypEsyAWMi U.S. Treasury Secretary Janet Yellen will warn that the use of artificial intelligence in finance could lower transaction costs, but carries "significant risks," according… https://t.co/9XaGqwKAgT
.@SECGov Chair @GaryGensler tells @jimcramer, @davidfaber, & @carlquintanilla that while AI will benefit capital markets, it raises real risks of conflicts. "What if the algorithm is trading against you?" https://t.co/BplNKD0FxB
🤖🇺🇸 Janet Yellen: AI in finance offers big rewards but "significant risks." As AI reshapes Wall Street, it's crucial to steer clear of potential pitfalls according to the US Treasury Secretary. Are we ready for this brave new world of finance? https://t.co/e8ZrJ4BsEC