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U.S. Treasury Secretary Yellen Warns: AI in Finance Poses Significant Risks

Yellen acknowledged that AI in finance can reduce trading costs, improve efficiency, detect fraud, and increase service accessibility, but also comes with risks. AI-related risks, including model complexity, opacity, supplier concentration, and data flaws or biases, have become top concerns for U.S. financial regulators.
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Some famous words of Buffett. I hope it's useful to you. : )
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