genai / news / / The Economic Times
Financial regulators are falling behind banks in adopting artificial intelligence.
Financial firms are adopting AI at more than twice the rate of financial regulators.
KEY POINTS
- Only 24% of regulators collect data on industry AI adoption; 43% have no plans to start soon.
- Regulators are specifically concerned about Anthropic's Mythos, which may exploit software vulnerabilities at scale.
- The report recommends regulators adopt agentic AI capabilities to effectively supervise advanced financial AI systems.
COMPANIES
Summarized by Newsio from The Economic Times. How we summarize →