AI is a danger to the financial system, regulators warn for the first time | CNN Business
Briefly

Sophisticated AI models have exploded in popularity in recent years, even as many prominent names within the field say the nascent technology could have disastrous effects if it grows out of control.
FSOC said this lack of explainability' can make it difficult to assess the system's conceptual soundness, increasing uncertainty about their suitability and reliability.
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