Banks must be ‘responsible’ as industry races to deploy AI agents: State Street

US bank State Street expects the uses of artificial intelligence in finance to “multiply” in the coming years, but stressed that “responsible deployment” is vital as the industry confronts daunting potential security risks. The call came on the first day of the Global Financial Leaders’ Investment Summit in Hong Kong, where executives from leading firms including Goldman Sachs, Morgan Stanley, JPMorgan, Pimco and Bridgewater shared their insights on the dawning era of AI finance. Manoj Bohra,...