The US Treasury wants to obtain supplementary information on how financial enterprises use artificial intelligence, as well as the opportunities and risks of technology in this sector. In a request to obtain information submitted on Thursday, the ministry said they would like to obtain input from consumers, investors, financial enterprises and organizers, as part of the latest efforts made by the administration of US President Joe Biden to monitor how artificial intelligence grows on different industries. “Our constant participation in stakeholders enables us to improve our understanding of artificial intelligence in financial services.” The areas that the Treasury want to gather more information in the following: The use of artificial intelligence by financial enterprises to provide products to customers. Risk management. How to use artificial intelligence in capital markets.
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