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AI Gap: Regulators Lag in Financial Sector
Description
New report reveals a significant gap between financial institutions and regulators in AI adoption, with only 24% of regulators collecting data on industry AI use. This lack of oversight poses risks, especially with powerful models like Anthropics Mythos. The survey also highlights a concentration risk with 69% relying on OpenAI, leaving the system vulnerable to disruptions. Regulators need to develop their own agentic AI to effectively oversee the financial worlds AI boom.
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