In June, CFPB issued a report summarizing its research into the use of artificial intelligence AI in consumer finance. The Report focused on the shift away from human support to algorithmic support in the banking and consumer finance industry.
OpenAI CEO Sam Altman will testify before a Senate panel on regulating artificial intelligence, as Congress explores laws to safeguard Americans in various AI applications.
there has been insufficient attention on the potential negative externalities and unintended effects of AI-driven technologies. The most obvious risk is that unprecedentedly powerful predictive tools will strengthen authoritarian regimes’ surveillance capacity in Global South.