Starting next week, submitting Obituaries, In Memoriams or Cards of Thanks for our publications and online becomes easier! Simply visitLONDON - Artificial intelligence lacks the human judgement skills needed to set interest rates, the head of the Monetary Authority of Singapore said on Monday.
"There is a great deal of judgement involved in understanding and having a view as to the forward path of inflation... "the transmission of monetary policy," Chia said during a Bank for International Settlements' panel session on AI use. Chia, who took over as MAS chief at the start of the year, also warned the main risk was of AI being used by cyber criminals.
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