IMF chief Kristalina Georgieva warned that AI risks could outweigh opportunities without proper safeguards and ethical frameworks during the IMF and World Bank meetings in Bangkok. Georgieva advocated ...
IMF chief says AI risks may exceed opportunities without safeguards and ethical framework
IMF chief Kristalina Georgieva urge AI safeguards as officials weighed its economic promise against financial stability risks.
AA Astro Awani 
Key points
- BANGKOK: The risks of artificial intelligence may exceed its opportunities if no adequate safeguards and ethical framework are put in place, IMF chief Kristalina Georgieva said on Friday, backing a blend of industry self-regulation and input from key governments.
- The nascent technology was a dominant topic at this week's annual meetings of the IMF and World Bank in Bangkok, where the IMF on Tuesday flagged significant growth and financial stability risks from a potential end of the AI investment boom, high debt levels and a prolonged war in the Middle East.
- Institutions like the IMF should also be involved in their areas of competence, such as productivity growth, labour markets and financial stability risks, Georgieva said.
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