Thursday, 20 July, 2023

AI Chatbots: A Potential Catalyst for Future Financial Crisis, Warns Experts

Experts express concerns that the increasing reliance on AI chatbots in the financial industry could lead to a potential future financial crisis. While AI-powered chatbots offer automation & efficiency, there are risks associated with their decision-making capabilities & potential vulnerabilities. Proper regulations, transparency, & continuous monitoring are essential to mitigate the risks posed by AI chatbots & ensure the stability of financial systems in the face of technological advancements.