{"id":820401,"date":"2024-06-10T10:44:45","date_gmt":"2024-06-10T05:14:45","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=820401"},"modified":"2024-06-10T11:30:09","modified_gmt":"2024-06-10T06:00:09","slug":"banks-say-growing-reliance-on-big-tech-for-ai-carries-new-risks","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/06\/10\/banks-say-growing-reliance-on-big-tech-for-ai-carries-new-risks\/","title":{"rendered":"Banks say growing reliance on Big Tech for AI carries new risks"},"content":{"rendered":"<p>AMSTERDAM: The boom in artificial intelligence will increase banks&#8217; dependence on big U.S. 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>AMSTERDAM: The boom in artificial intelligence will increase banks&#8217; dependence on big U.S. 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":[59,4,10],"tags":[],"class_list":["post-820401","post","type-post","status-publish","format-standard","hentry","category-it-2-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/820401","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=820401"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/820401\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=820401"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=820401"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=820401"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}