CFTC-PR-8846-24 Commissioner Goldsmith Romero Announces Agenda for January 8 Technology Advisory Committee Meeting on Artificial Intelligence, Cybersecurity, Decentralized Finance Date: Jan. 5, 2024 Accessed: Aug. 1, 2024 Source URL: https://www.cftc.gov/PressRoom/PressReleases/8846-24 Categories: CFTC Meetings & Events CFTC TAC CFTC-2401 Artificial Intelligence Cybersecurity Decentralized Finance PDF Notes: The PDF viewer below disables the links inside the PDF […]
Category: Artificial Intelligence
Artificial Intelligence (AI) refers to the simulation of human intelligence in machines that are programmed to think and learn like humans. AI encompasses various techniques such as machine learning, natural language processing, and computer vision to analyze vast amounts of data, recognize patterns, and make decisions. In financial markets, AI is utilized for a range of applications including algorithmic trading, where AI models analyze market data and execute trades at high speed and accuracy. AI also aids in fraud detection by identifying unusual patterns in transactions, enhances customer service through chatbots that provide personalized responses, and improves risk management by predicting market trends and assessing portfolio risks in real-time. Moreover, AI-driven tools assist in credit scoring, loan approval processes, and optimizing investment strategies by leveraging predictive analytics and data-driven insights. The versatility of AI continues to expand its role in financial markets, transforming how decisions are made and operations are managed in the industry.