Fed's Waller says AI at central bank has strict guardrails
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Federal Reserve Gov. Christopher Waller stated that AI at the central bank is subject to strict security measures to protect sensitive data, which may result in using slightly outdated technology. He highlighted the importance of guardrails in AI research and mentioned the Fed's use of AI for tasks like summarizing meetings. Waller also noted the Fed's monitoring of AI's impact on the labor market and emphasized the need for caution in deploying AI tools.
Source: American Banker The copyright of this article belongs to the original author/organization.
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