
According to a survey published by the Official Monetary and Financial Institutions Forum on Wednesday, most of the central banks worldwide are cautious about artificial intelligence and have not integrated it into their main operations. The survey also revealed that digital assets are not being considered by these institutions. The working group, consisting of 10 central banks from various regions managing around $6.5 trillion in assets, highlighted that those banks that have explored AI the most are the ones expressing the most reservations regarding its potential risks. The main worry identified in the survey is that AI-driven actions could hasten future financial crises. As stated in the report, one participant emphasized the importance of human decision-making despite the benefits of AI in providing additional insights. More than 60% of respondents stated that AI tools, which have already led to job cuts in technology firms, as well as retail and investment banks, have not yet become integral to their core activities.