Artificial intelligence will be used to counter artificial intelligence, Eddie Yue, chief executive of the Hong Kong Monetary Authority, said today (October 24) as he set out the future transformation of the island’s digital ecosystem.
While the HKMA has been pushing for banks to adopt cutting-edge technologies, AI tools are also being used to “counter the risks and challenges posed by AI itself”, Yue said. He added there had been a significant rise in the uptake of AI among banks, with 75%
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