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International Business Times
International Business Times
Technology
Demian Bio

AI Continues To Make Strides By The Day. European Financial Regulators Say It's Hard To Keep Up.

European financial regulators are struggling to keep up with the rapid pace of AI's advances. (Credit: Getty Images)

European financial regulators said they are struggling to keep up with the rapid pace of AI's advances.

Nikhil Rathi, CEO of the U.K.'s Financial Conduct Authority, said current rulemaking "doesn't work" when applied to AI, according to CNBC.

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