Artificial intelligence (AI) is set to revolutionize finance and housing, bringing both game-changing benefits and thorny new risks that demand vigilant oversight, a bipartisan House panel has concluded. The House Financial Services Committee’s AI Working Group, established in January by Chairman Patrick McHenry, R-N.C., and...
July 23, 2024
The financial services industry may serve as a proving ground for the regulation of artificial intelligence (AI), House Financial Services Committee Chairman Patrick McHenry, R-N.C., said Tuesday (July 23). McHenry said this in opening remarks delivered during the committee’s hearing on AI applications in financial services and housing. “The financial services industry — one of […]
