The intersection of Artificial Intelligence and finance marks a significant evolution in trading and investing, promising to transform strategies, risk management, and market analysis. With this technological shift, the importance of implementing Responsible Artificial Intelligence becomes crucial.
This is crucial to prevent issues such as flash crashes induced by high-frequency trading algorithms and biases in trading models that lead to discriminatory outcomes. Stakeholder Engagement: Effective AI governance involves all stakeholders, including regulators, clients, and technology providers. Collaborative discussions can help align AI implementations with broader ethical and regulatory standards.
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Source: CoinDesk - 🏆 291. / 63 Read more »