Federal Reserve Board - Artificial Intelligence (AI) Program
Dec 13, 2024 · The Board is committed to an artificial intelligence (AI) program for its staff that: Promotes the responsible use of AI and enables AI-related innovation; Mitigates risks …
Speech by Governor Cook on AI, big data, and ... - Federal Reserve …
Oct 1, 2024 · Artificial Intelligence, Big Data, and the Path Ahead for Productivity. At “Technology-Enabled Disruption: Implications of AI, Big Data, and Remote Work,” a conference organized …
Federal Reserve looks to harness ‘generative AI incubator’
Nov 3, 2023 · The Federal Reserve System is exploring the potential of generative artificial intelligence through an “incubator” program that aims to test out the technology on real Fed …
Understanding How Artificial Intelligence is Changing Advanced
May 14, 2024 · The San Francisco Fed, in close coordination with the Federal Reserve System Innovation Office, recently launched the EmergingTech Economic Research Network (EERN), …
Across the Fed, a mindful exploration of AI is underway
Sep 22, 2023 · Since the public got its first taste of ChatGPT in late 2022, the promises and perils of human-like “generative AI” have dominated discussions about technology and economic …
Federal Reserve stands up generative AI incubator - FedScoop
Nov 6, 2023 · While some agencies in the public sector have pumped the breaks on the use of generative artificial intelligence, the Federal Reserve System has set up a generative AI …
Artificial Intelligence and Bank Supervision | Richmond Fed
Bank regulators can leverage existing supervisory guidelines and principles when reviewing banks' use of AI models. In 2011, the Federal Reserve Board and the OCC jointly issued a …
Fed in discussions with banks about managing risks of AI: Waller
Apr 20, 2023 · The Federal Reserve has “regular discussions” with the banks it supervises about managing the risks associated with artificial intelligence, as more financial institutions utilize AI …
Fed’s Cook calls for consensus in AI regulation
Oct 1, 2024 · Federal Reserve Governor Lisa Cook today called for a consensus to be reached in the regulation of artificial intelligence, which she sees as poised to have a “substantial effect” …
Market developments and potential examinations of Federal Reserve System-supervised banks will inform future versions of this presentation and may alter its conclusions. What are AI and ML?