Artificial intelligence as a central banker
Artificial intelligence (AI) is increasingly useful for central banks. While it may be used only in low-level roles today, technological advances and cost savings will likely embed AI deeper and deeper into core central bank functions. Maybe each central bank will have their own AI engine, maybe a future'BoB' (the Bank of England Bot). What will be the impact of BoB and its counterparts? BoB could today, or soon, help with many central bank tasks, such as information gathering, data analysis, forecasting, risk management, financial supervision, and monetary policy analysis. The technology is mostly here; what prevents adoption are cultural, political, and legal factors.
Mar-7-2020, 17:08:41 GMT
- Country:
- Europe > United Kingdom
- England (0.25)
- North America > Canada (0.05)
- Europe > United Kingdom
- Industry:
- Banking & Finance > Economy (1.00)
- Government (1.00)
- Technology: