A message reading "AI artificial intelligence", a keyboard, and robot hands are seen in this illustration taken January 27, 2025. REUTERS/Dado Ruvic/Illustration
LONDON (Reuters) -Global financial regulators have laid out plans for closer monitoring of the risks as banks and other parts of the financial industry ramp up the use of artificial intelligence.
Concerns raised by authorities include that too many institutions end up using the same AI models and specialised hardware, which could lead to herd-like behaviour.
