Yellen Says US to Examine AI’s Risks to Financial Stability
- Treasury secretary addresses FSOC at year-end meeting
- Outlines risks for panel to monitor in the coming year
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Top US regulators view artificial intelligence as a looming vulnerability for financial stability, underscoring Washington’s mounting concern over systemic dangers posed by the burgeoning technology.
Treasury Secretary Janet Yellen on Thursday signaled that US watchdogs would make AI, and the threats it could pose, a top priority in 2024. In October, President Joe Biden signed an executive order to establish standards for security and privacy protections for the technology in what the White House heralded as necessary regulation.