ASX approaching artificial intelligence with caution ZDNet

While the Australian Securities Exchange (ASX) makes a global name for itself by implementing one of the only real use cases for distributed ledger technology (DLT) in its blockchain-based CHESS replacement project, its CIO Dan Chesterman has detailed a handful of other tech-related initiatives the "large regulated fintech" is also undertaking. Speaking with ZDNet at VMworld in San Francisco last week, Chesterman said his organisation is looking into the application of artificial intelligence (AI) and machine learning (ML), highlighting that in the ASX's context, there are a lot of examples where machines are making quite clever decisions. "The main exploration we've been doing of artificial intelligence in that AI/ML space has been in market announcements ... it's not in production, it's something we're doing as a proof of concept," he said. "And what we've come to the conclusion of is that we certainly see, in that sort of context, there is actually a serious consequence for any error." Market announcements, for example, is one element of the business where Chesterman said AI could both help, but also cause legal dilemmas.