Global financial watchdogs to ramp up monitoring of AI

By Marc Jones LONDON (Reuters) -Global financial regulators have laid out plans for closer monitoring of artificial intelligence risks as banks and other parts of the financial industry ramp up the use of AI. Banks have been broadly optimistic that AI will make them more productive, but regulators around the world have expressed concerns about its potential impact on financial stability. The G20's risk watchdog, the Financial Stability Board, said in a report on Friday that if too many institutions end ...