The study emphasizes the need for a better understanding of #ai to avoid policies that may hinder its benefits. It argues for a cross-disciplinary approach to AI #governance and clarifying its core concepts to build trust. The paper addresses two key questions: 1) What is the best way to safely introduce AI to maximize well-being and #sustainability in light of its potential #risks? and 2) What specific policy steps should be taken to implement it?
“... we provide evidence that setting the risk-weighted ratio at 15\% and the simple leverage ratio at 10% would significantly decrease the probability of default without hampering banks' activities.”
The study investigated how ChatGPT and Bard categorize investor risk profiles compared to financial advisors. While there were no significant differences in the risk scores assigned by the chatbots an
The paper suggests that companies developing high-risk AI systems should demonstrate their safety before deployment, arguing for proactive risk management. It proposes a risk management approach where