
Singapore· SingaporeSingapore's MAS sets AI risk expectations for financial institutions
The Monetary Authority of Singapore (MAS) has outlined its supervisory expectations for financial institutions regarding the responsible adoption of Artificial Intelligence (AI) to manage associated risks.
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MAS sets AI risk expectations for financial institutions in Singapore
First report 20h agoLast update 10h agoMAS has officially set out its expectations for financial institutions on responsible AI adoption and risk management.
IMF chief Kristalina Georgieva warns that the global AI boom risks widening economic inequality and calls for tough policy choices.
Experts like Ray Dalio and Ho Kwon Ping express concerns about a potential AI bubble burst and the risk of stranded assets in data centers.
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