Commercial lenders shouldering heavier AI burden than central banks: ICBC president
As artificial intelligence reshapes the finance industry, commercial bankers are facing a โmore miserableโ transition than their central banking counterparts, the head of the worldโs largest lender by assets said. Industrial and Commercial Bank of China president Liu Jun said that while central bankers focused on oversight and policy, commercial lenders bore direct financial and legal liability when deploying AI at scale. โIf [ICBC] deploys AI tools โฆ towards different business lines, and all...