AI offers opportunities to improve efficiency, inclusion, and oversight in the financial sector. This column shows, however, that AI adoption remains limited in most emerging market and developing economies. While central banks are adapting to safely realise its potential, few countries have board-level AI strategies and policies. Many still lack the capacity to monitor AI risks and face skills gaps and weak data and IT infrastructure, which make it harder to address challenges such as cybersecurity, data privacy and sovereignty, reliance on third-party service providers, and model governance.

Alphabet and ASML have wide moats and strong growth prospects.

A state Senate committee gathered input on a bill that would add AI-generated images to the types of child abuse incidents that people who are required to do so must report to authorities.