The rapid adoption of artificial intelligence (AI) systems could create new threats to the US financial system if the technology is left unchecked. This is stated in the 2023 report published on the official website of the Financial Stability Oversight Council (FSOC). Web site US Treasury Department
The group noted that artificial intelligence can stimulate innovation and increase the efficiency of banks, but the implementation of neural networks requires a responsible approach.
“AI has the potential to create certain security and reliability risks, including issues such as cybersecurity and miscalculations,” the FSOC warned.
Experts say some AI-based tools may be overly opaque, making it difficult for organizations to accurately track their shortcomings. If companies and regulators don’t fully understand how neural networks work, they may miss biased or inaccurate results.
Another threat comes from the data sets that artificial intelligence uses for analysis. This information increasingly comes from third-party providers or open sources, creating privacy and cybersecurity risks.
Previously Russian bank Sber opened Access to your AI for businesses and developers.