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Banking Giants Warn AI Can Bolster Cybercrime and Lower Morale

  • Banking giants are warning investors about the risks associated with the use of artificial intelligence (AI).
  • The risks include AI 'hallucinations', cybercriminal use, and impact on employee morale.
  • Banks are struggling to maintain a balance between embracing AI technology to retain customers and dealing with the threat of cybercrime.
  • There is a concern that AI technologies may be built on outdated, biased or inaccurate financial data sets.

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