Virtual Event  January 12, 2021  Today’s symposium on the use of artificial intelligence (AI) in financial services is part of the Federal Reserve’s broader effort to understand AI’s application to financial services, assess methods for managing risks arising from this technology, and determine where banking regulators can support responsible use of AI and equitable outcomes by improving supervisory clarity.
1 The potential scope of AI applications is wide ranging. For instance, researchers are turning to AI to help analyze climate change, one of the central challenges of our time.