A thoughtful speech by Governor Brainard of the US Federal Reserve is the counter-argument to the EU AI ethics chief's position; that regulation could hold off for now. After reviewing the increasing uses of AI (particularly machine learning) in financial services, the Governor suggests that regulators are required to consider consequences of the new technology, its risks… Continue reading Point, counterpoint.
The World Economic Forum (those are the fancy-Davos-meeting guys) published a report entitled The New Physics of Financial Services a few days ago which looks in depth at how AI will transform the financial services sector. Their report uses a photo of the "Pillars of Creation" from the Eagle Nebula on the cover. I had to look… Continue reading The gravity of the situation.