Bottom-up approach crucial when adopting AI – panel
Central banks must engage end users when implementing new technology, officials say
Central banks should involve bottom-up elements when adopting artificial intelligence to ensure the use cases are practical, panellists at the Central Banking Summer Meetings have said.
In a panel yesterday (June 11), held under the Chatham House rule, officials discussed how central banks could integrate AI into their operations, such as in monetary policy or banking supervision.
One panellist said the arrival of the large language model ChatGPT in late 2022 had marked a turning point in their
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