Government report for the first time identifies AI as potential risk to financial stability
CBSN
A new government report has for the first time identified artificial intelligence as a potential risk to the nation's financial stability.
The Financial Stability Oversight Council (FSOC) — a group that's charged with monitoring potential vulnerabilities to the financial sector and counts Treasury Secretary Janet Yellen, Federal Reserve Chair Jerome Powell and Securities and Exchange Commission Chair Gary Gensler as members — acknowledged this risk, along with 13 others, in its annual report, which was released Thursday.
"The reliance of AI systems on large datasets and third-party vendors introduces operational risks related to data controls, privacy, and cybersecurity," the report reads.
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One of South Africa's most notorious apartheid police commanders testified on Monday at an inquiry into the killing of four activists in 1985 as part of the country's renewed focus on atrocities committed by security forces during decades of forced racial segregation that went unpunished. In:
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A U.S. Park Police officer was seriously wounded Monday evening in a shooting in Washington, law enforcement officials said.
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The Defense Department said Monday it will remove media outlets' office spaces from the Pentagon after a federal judge sided with The New York Times in a lawsuit challenging limits on reporters' access to the building. In:
Washington — The Senate confirmed Markwayne Mullin as secretary of the Department of Homeland Security on Monday, finalizing President Trump's shakeup of DHS following months of scrutiny of Kristi Noem's leadership.
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