The European Union's (EU) rules on artificial intelligence (AI) are due to come into force in June after the bloc's countries endorsed a political deal that was reached in December. The rules could set a global benchmark for the technology. "This landmark law, the first of its kind in the world, addresses a global technological challenge that also creates opportunities for our societies and economies," Belgian digitization minister Mathieu Michel said in a statement. The Basel Committee on Banking Supervision has warned about the safety implications of the digitalization of the banking system. In a new report, the Committee said this was creating new vulnerabilities and amplifying existing ones, and that new rules might be needed to tackle these emerging threats. "These can include greater strategic and reputational risks, a larger scope of factors that could test banks' operational risk and resilience, and potential system-wide risks due to increased interconnections," the report...
learn more
Ratings & Reviews
Entrepreneur & Investor
YOU MIGHT ALSO LIKE