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The Economic Times
The Economic Times
Business

IMF chief says AI risks may exceed opportunities without safeguards and ethical framework

International Monetary Fund Kristalina Georgieva Artificial Intelligence Jack Clark Anthropic Erin Browne United States

BANGKOK - The risks of artificial intelligence may exceed its opportunities if no adequate safeguards and ethical framework are put in place, IMF chief Kristalina Georgieva said on Friday, backing a blend of industry self-regulation and input from key governments.

The nascent technology was a dominant topic at this week's annual meetings of the IMF and World Bank in Bangkok, where the IMF on Tuesday flagged significant growth and financial stability risks from a potential end of the AI investment boom, high debt levels ‌and a prolonged war in the Middle East.

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