Blythe Masters Warns of ‘Devastating Loss’ If AI Goes Unchecked
The former JPMorgan executive also discusses the likelihood of a US recession and whether contagion risk among banks has been contained, on “Bloomberg Wealth With David Rubenstein.”
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Few technologies are likely to be as transformative to the financial-services industry as artificial intelligence, said Blythe Masters, the former JPMorgan Chase & Co. executive who helped create credit-default swaps.
“We can see with our own eyes and feel and become enamored with the way in which these ingenious programs are able to interact with us,” Masters said on an episode of “Bloomberg Wealth with David Rubenstein.” “It will change not just the financial-services landscape, but pretty much everything we do.”