Business

These days, artificial intelligence is a popular topic. Businesses all around the world are benefiting from artificial intelligence (AI), from the broad adoption of technologies like ChatGPT to its integration into technology and communication solutions for smarter operations. A survey published by Capital Economics on behalf of the Department for Digital, Culture, Media & Sport (DCMS) states that 15% of UK businesses have used AI technology in some capacity. According to research by Capital Economics, this adoption of AI is only projected to increase, with 22.7% of businesses predicted to be utilizing it by 2025 and 33.3% of organizations anticipating having at least one AI tool by 2040.

Bengaluru, 26 August: AI’s integration into financial services offers enormous potential for consumers, banks, and regulators, but it also presents a number of risks. For example, managing large amounts of personal data raises privacy concerns, and there’s a chance that information could be misused to propagate false information. RBI Governor Shaktikanta Das made these remarks here on Monday.