Financial regulation is struggling to keep pace with the rapid development of artificial intelligence, according to European policymakers, who are grappling with how to support adoption while containing risks to market integrity and stability.
Nikhil Rathi, CEO of the U.K.’s Financial Conduct Authority, said the traditional cycle of rulemaking “doesn’t work” in an era of fast-moving technological change, particularly as agentic AI development accelerates.
“Technology moves incredibly fast, and we need to think differently about some of the innovations that we are seeing on AI,” Rathi told CNBC’s “Squawk Box Europe” on Thursday.
figherhigher on
Ah, ‚technology outpacing regulation‘ again, tail as old as technology.
fuckswitbeavers on
What rules?? The open source model I can run on my gaming gpu is pretty damn good. The cat is outta the bag
Brunkton on
We develop speed before we know where we’re even going.
PaleReaver on
I don’t believe it was properly regulated to begin with, so not a shock at all to me
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From the article
Financial regulation is struggling to keep pace with the rapid development of artificial intelligence, according to European policymakers, who are grappling with how to support adoption while containing risks to market integrity and stability.
Nikhil Rathi, CEO of the U.K.’s Financial Conduct Authority, said the traditional cycle of rulemaking “doesn’t work” in an era of fast-moving technological change, particularly as agentic AI development accelerates.
“Technology moves incredibly fast, and we need to think differently about some of the innovations that we are seeing on AI,” Rathi told CNBC’s “Squawk Box Europe” on Thursday.
Ah, ‚technology outpacing regulation‘ again, tail as old as technology.
What rules?? The open source model I can run on my gaming gpu is pretty damn good. The cat is outta the bag
We develop speed before we know where we’re even going.
I don’t believe it was properly regulated to begin with, so not a shock at all to me