Artificial intelligence is beginning to be actively incorporated into the financial sector, primarily due to its ability to reduce transaction costs. However, Nabiullina called for caution and responsibility in the development of this technology.
He emphasized that the risks associated with the use of artificial intelligence are not yet fully understood and cover various areas such as economics, technology and ethics. However, he added that this does not mean that artificial intelligence development should be slowed down.
Elvira Nabiullina also noted that a few years ago the regulator decided not to impose strict restrictions and regulations on newly developing areas, so as not to hinder the potential of these innovations.
Source: Ferra
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