{"id":820182,"date":"2024-06-10T09:28:11","date_gmt":"2024-06-10T03:58:11","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=820182"},"modified":"2024-06-10T10:07:46","modified_gmt":"2024-06-10T04:37:46","slug":"growing-reliance-on-big-tech-firms-for-ai-carries-new-risks-european-banks","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/06\/10\/growing-reliance-on-big-tech-firms-for-ai-carries-new-risks-european-banks\/","title":{"rendered":"Growing reliance on Big Tech firms for AI carries new risks: European banks"},"content":{"rendered":"<p>The boom in artificial intelligence will increase banks&#8217; dependence on big US tech firms, creating new risks for the industry, European banking executives said.<\/p>\n<p>Excitement around using artificial intelligence (AI) in financial services &#8211; widely used already for detecting fraud and money-laundering &#8211; has soared since the launch of OpenAI&#8217;s viral chatbot ChatGPT in late 2022 as banks examine ways to deploy generative AI. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The boom in artificial intelligence will increase banks&#8217; dependence on big US tech firms, creating new risks for the industry, European banking executives said. Excitement around using artificial intelligence (AI) in financial services &#8211; widely used already for detecting fraud and money-laundering &#8211; has soared since the launch of OpenAI&#8217;s viral chatbot ChatGPT in late 2022 as banks examine ways to deploy generative AI.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[9,34,4],"tags":[],"class_list":["post-820182","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-it-2-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/820182","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=820182"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/820182\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=820182"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=820182"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=820182"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}