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Supporting Responsible Use Of AI And Equitable Outcomes In Financial Services â Federal Reserve Governor Lael Brainard At The AI Academic Symposium Hosted By The Board Of Governors Of The Federal Reserve System, Washington, D.C. (Virtual Event) Date
12/01/2021
Today s symposium on the use of artificial intelligence (AI) in financial services is part of the Federal Reserve s broader effort to understand AI s application to financial services, assess methods for managing risks arising from this technology, and determine where banking regulators can support responsible use of AI and equitable outcomes by improving supervisory clarity.1
The potential scope of AI applications is wide ranging. For instance, researchers are turning to AI to help analyze climate change, one of the central challenges of our time. With nonlinearities and tipping points, climate change is highly complex, and quantification for risk assessments requires the analysis of vast amounts of data, a task
is a summer programme that has been hosted by the University of Warwick and The Alan Turing Institute for the last two years, and will this summer, 2021, be delivered by University of Warwick in collaboration with Ludwig Maximillian University (Munich) under the DSSGx UK chapter of the DSSG Foundation.
DSSG is the brainchild of Rayid Ghani, former Chief Scientist for President Obama, and continues to be run in the US at Carnegie Mellon University. Participants are trained over the summer, and work on data science projects with not-for-profit organisations and governmental bodies, helping them leverage their data to improve their services, interventions and outreach.