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Al Jazeera
Al Jazeera
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YOU WONT BELIEVE: Us highlights ai as risk to financial system for first time | Mind Blowing Facts

United States FSOC Janet Yellen the Financial Stability Oversight Council
US Treasury Secretary Janet Yellen chairs the Financial Stability Oversight Council [File: Jonathan Ernst/Reuters]

Financial regulators in the United States have named artificial intelligence (AI) as a risk to the financial system for the first time.

In its latest annual report, the Financial Stability Oversight Council said the growing use of AI in financial services is a “vulnerability” that should be monitored.

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