Analysis-AI hopes and fears dominate global central bank meet

SINTRA, Portugal, July 1 (Reuters) - Seeping into just about every conversation at this week's meeting of the world's top central bankers was one big unknown: how artificial intelligence will impact the world economy and therefore their mandate to ensure financial stability.

What challenges does AI create for economic inequality?

How could AI impact global financial stability?

What are the main risks of AI-driven trading?

How will AI change bank lending and supervision?

The consensus of those discussions at the ECB's annual conference ‌in the windy hills of Portugal was that AI has the power to disrupt everything and create problems they can't even imagine right now: in financial and labour markets, in ‌bank lending, for security, and even for power demand.

"If AI overdelivers, it will impact financial stability. If AI underdelivers, it will impact financial stability," Torsten Slok at Apollo Global Management told the arbiters of interest rates around the world at one ​of the main panel sessions in the resort of Sintra.

AI was such an overarching theme in Sintra that the topic found its way into every discussion, from immigration and supervision to climate.

It even outdid

Fuente original: Yahoo Finance (https://finance.yahoo.com/economy/policy/articles/analysis-ai-hopes-fears-dominate-152026106.html)