AI has taken the world by storm and set off a golf rush across the economy, with an unprecedented pace of adoption and investment in the technology, Shin said.The BIS portfolio includes projects that use AI, Cecilia Skingsley, head of the BIS Innovation Hub, said in a June press release. These projects include Project Aurora, which uses payments data to detect money laundering, and Project Raven, which uses AI to enhance cyber resilience.
Central banks were early adopters of machine learning and are anhui mobile database therefore well positioned to make the most of AI’s ability to impose structure on vast troves of unstructured data, Skingsley said in the release.For all PYMNTS AI coverage, subscribe to the daily AI Newsletter.RecommendedBIS: Central Banks Need ‘Comprehensive Risk Management Strategy’ for AIMeta to Appeal Against Million EU Antitrust FinePayPal-Backed Formance Raises Million to Grow Open-Source LedgerGallabox Raises Million to Help Small Businesses Create AI AgentsSee More In: AI, artificial intelligence, Bank for International Settlements, banking technology, BIS, central banks, data security, News, PYMNTS News, risk, risk management, Security, Technology, What's HotMeta to Appeal Against Million EU Antitrust FineBy PYMNTS | January , | European Commission, Meta, Facebook, Facebook MarketplaceMeta says it will fight a million fine levied against the tech giant by the European Union.
A company spokesperson told Bloomberg News on Wednesday Jan. that Meta was appealing the fine. The penalty came after the EU alleged that Meta was tapping into user data to give its Facebook Marketplace service an unfair advantage.As the Bloomberg report noted, the appeal escalates Meta’s ongoing conflict with the EU over its Big Tech crackdown.
- Board index
- All times are UTC
- Delete cookies
- Contact us