🤖 RBI Flags Speed, Concentration, Opacity as Key Risks
Published by OOPSONLINE.IN · Source: ANI (Asian News International) · 1 min read · · Updated
What actually happened
The growing use of artificial intelligence and other emerging technologies in finance could amplify risks related to the speed of automated decisions, concentration among technology providers and lack of transparency in advanced models, Reserve Bank of India (RBI) Deputy Governor Rohit Jain said on Wednesday.
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