Artificial intelligence is transforming finance faster than the authorities can adapt. This column argues that while AI enhances the financial system’s efficiency, it also poses new, poorly understood risks. To stay relevant, the supervisory authorities must develop their own AI capabilities, use federated learning for cross-jurisdiction models, and design intervention facilities that can respond at machine speed. If they cannot keep pace, the consequences will be ineffective supervision and a higher risk of financial crisis.
Trump aims to boost AI innovation, build platform to harness government data
U.S. President Donald Trump on Monday signed an executive order to launch a government-wide effort to build an integrated artificial intelligence platform to harness federal scientific datasets to train next-generation technologies.
Bipartisan State Attorneys General and Industry Leaders Launch National Task Force on Artificial Intelligence
Utah Attorney General Derek Brown (R) and North Carolina Attorney General Jeff Jackson (D) have announced a nationwide bipartisan “AI Task Force,” in partnership with major AI developers (including…
Meta, Google discuss TPU deal as Google targets Nvidia’s lead, Information says By Investing.com
Meta, Google discuss TPU deal as Google targets Nvidia’s lead, Information says
Altman describes OpenAI’s forthcoming AI device as more peaceful and calm than the iPhone
Altman and Ive tease a simple AI device aimed at calm, distraction-free computing, launching within two years.
Trump signs executive order launching AI initiative being compared to the Manhattan Project
The order announced the “Genesis Mission” for AI, a new federal push to mobilize the federal government’s research and data to create artificial intelligence models.
Travelers can now plan vacations with AI — experts warn of costly mistakes
Travelers are using vacation itineraries generated by artificial intelligence chatbots.
Google Further Encroaches on Nvidia’s Turf With New AI Chip Push
Google is picking up the pace of its efforts to compete directly with Nvidia in the AI chip business. For years, the search giant has rented its own AI chips, known as tensor processing units, to cloud customers who use them in its Google Cloud data centers. Now, though, Google has begun …
Trump Signs ‘Genesis Mission’ Order to Boost Innovation With AI
The effort aims to better coordinate research done by agencies across the government and more effectively integrate AI tools to achieve more scientific breakthroughs, according to Michael Kratsios, the director of the White House Office of Science and Technology Policy, who spoke to reporters on the order ahead of Trump’s signature. The mission will harness the computing resources of the Department of Energy’s national labs to tap federal datasets and enable more experiments utilizing AI, Kratsios added, predicting the effort would help shorten the timelines for scientific discoveries.
