Search results for "ai risks"

The Duality of AI: Risks and Rewards

The duality of AI presents risks and rewards, and understanding how it fits into workflows is key to making informed decisions about its implementation. Everything under the sun is simultaneously good and bad, it all comes down to how we, arguably the only creatures capable of cognitive thinking, use it. And generative AI is not […]

IMF Warns Bank Failures Highlight ‘Perilous’ Financial Stability Risks

The International Monetary Fund warned on Tuesday of a “perilous combination of vulnerabilities” in financial markets, saying participants’ failing to adequately prepare for interest rate increases has led to significant uncertainty about the health of the financial system. Moreover, the global lender said U.S. regional banks in particular may warrant closer scrutiny after the largest […]

IMF Warns Geopolitical Fragmentation Could Raise Financial Stability Risks

Rising geopolitical tensions and the resulting fragmentation of the global economy could increase financial stability risks, reducing cross-border investments, asset prices, payment systems and banks’ ability to lend, the International Monetary Fund said on Wednesday. The IMF has long warned of increased costs, economic friction and GDP output losses associated with the global economy fragmenting […]

Biden to Discuss Risks of AI in Tuesday Meeting with Science Advisers

U.S. President Joe Biden will discuss the “risks and opportunities” that artificial intelligence poses for people, society and national security during a meeting with science and technology advisers at the White House on Tuesday, an official said. Biden, a Democrat, is scheduled to meet with the President’s Council of Advisors on Science and Technology (PCAST) […]

Elon Musk and Others Urge AI Pause, Citing ‘Risks to Society’

Elon Musk and a group of artificial intelligence experts and industry executives are calling for a six-month pause in developing systems more powerful than OpenAI’s newly launched GPT-4, in an open letter citing potential risks to society and humanity. Earlier this month, Microsoft-backed OpenAI unveiled the fourth iteration of its GPT (Generative Pre-trained Transformer) AI […]

Britain's Tax Take Risks Blowing Green Energy Off Target

A cap on revenue and the lack of the kind of incentives offered to oil explorers are blocking the development of renewable energy in Britain, say industry officials who are pressing for changes ahead of this week’s budget. The British government has set targets for major increases in wind generation, for instance, as it seeks […]

U.S. Treasury Launches Campaign to Educate Public about Crypto Risks

The U.S. Treasury Department is launching an initiative to raise awareness about the risks of investing in cryptocurrencies as the digital asset moves from the fringes of the financial system to the mainstream, a top official said. The Treasury’s Financial Literacy Education Commission will create educational materials and organize outreach to inform the public about […]