Janet Yellen Warns AI in Finance Poses Significant Risks

Janet Yellen warns that AI in finance poses significant risks.

Concerns include systemic risks and potential for financial instability.

AI could lead to market manipulation and unfair trading advantages.

Yellen emphasizes the need for robust regulatory oversight.

She advocates for international cooperation on AI regulation.

Financial institutions are rapidly adopting AI technologies.

AI's complexity makes risk management challenging for regulators.

Potential for AI-driven crises if not properly managed.

Calls for updating regulatory frameworks to include AI advancements.

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