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Wall Street banks face growing risks as they fund and adopt AI
Original: As Wall Street banks finance and adopt AI, risks mount on both fronts
Wall Street banks are pouring financing into artificial intelligence companies while rapidly adopting the technology in their own operations, and Reuters reports that risks are mounting on both fronts. Lenders face credit exposure if heavily funded AI ventures falter, even as they manage operational, compliance and security risks from deploying AI inside their own businesses.
Why now: Investors and regulators are closely watching how AI exposure affects the financial sector's balance sheets and risk profiles.
Wall StreetReutersartificial intelligence
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