💨 Abstract

Reserve Bank of India (RBI) Governor Shaktikanta Das has warned about concentration risks in the financial sector due to heavy reliance on artificial intelligence (AI). He spoke at the 90th High-Level Conference organized by the RBI. The increasing use of AI may allow a few technology providers to dominate the market, posing systemic risks.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖