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Sustainable AI must feature in banks’ code of ethics, says report

As AI permeates almost every aspect of society, financial institutions and other firms need to revisit their code of ethics to ensure that they are ethically and sustainably using the technology, experts warn.
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Sustainable AI must feature in banks’ code of ethics, says reportImage: Getty Images

The world is witnessing the unprecedented growth of artificial intelligence (AI). But as the technology continues to evolve at a rapid pace and infiltrates new market segments unchallenged and unregulated, concerns are being raised about the social, ethical and sustainability impacts of its unsupervised use. 

These concerns have only been exacerbated by recent events, such as the temporary ousting of OpenAI’s CEO Sam Altman by his company’s board, allegedly due to concerns about his pursuit of more advanced forms of AI and its potential implications for humanity. 

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