Generative artificial intelligence in finance
The rapid acceleration in the pace of AI innovation in recent years and the advent of content generating capabilities (Generative AI or GenAI) have increased interest in AI innovation in finance, in part due to the user-friendliness and intuitive interface of GenAI tools. The use of AI in financial...
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| Format: | eBook |
| Language: | English |
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Paris
OECD Publishing
2023
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| Series: | OECD Artificial Intelligence Papers
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| Collection: | OECD Books and Papers - Collection details see MPG.ReNa |
| Summary: | The rapid acceleration in the pace of AI innovation in recent years and the advent of content generating capabilities (Generative AI or GenAI) have increased interest in AI innovation in finance, in part due to the user-friendliness and intuitive interface of GenAI tools. The use of AI in financial markets involving full end-to-end automation without any human intervention remains largely at development phase, but its wider deployment could amplify risks already present in financial markets and give rise to new challenges. This paper presents recent evolutions in AI in finance and potential risks and discusses whether policy makers may need to reinforce policies and strengthen protection against these risks |
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| Physical Description: | 35 p. 21 x 28cm |