House Financial Services Committee forms AI working group ...Middle East

The Hill - Technology
House Financial Services Committee forms AI working group
source : The Hill ( Middle East ) () 15
The House Financial Services Committee has formed a bipartisan working group focused on the impact of artificial intelligence (AI) on the financial services and housing industries, the top lawmakers on the panel announced Tuesday. The AI working group will “explore this technology’s potential, specifically its adoption in our financial system” and ways to use it to “foster a more inclusive financial system,” while also establishing the country as a world leader on AI, Chairman Patrick McHenry (R-N.C.) said in a statement. “The rapid advance of artificial intelligence technology holds immense promise to transform society and our economy for the better, but it also comes with risks,”

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