Donald Trump acknowledges AI risks and potential benefits for the banking system, advocating for government safeguards.
Why it matters
This article is significant because it highlights a prominent political figure's perspective on AI's role in a critical sector like banking. It touches upon the ongoing debate about AI regulation and the balance between innovation and risk management, indicating that policy discussions around AI are becoming increasingly mainstream and politically relevant.
AI can be risky for banks, but it could also make them better. Donald Trump thinks the government should create rules to make sure AI is used safely.
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