It has been reported that the European Central Bank (ECB) recently experimented with generative artificial intelligence technology in its business departments. These pilot projects are being advanced by a department within the ECB known as the "infinity team," which involves nine major application areas such as document writing and data analysis. The report states that the ECB is adopting a cautious approach, focusing on issues such as data privacy and legal constraints, and is closely collaborating with other central banks to explore the applications of artificial intelligence. Analysis suggests that this marks a proactive attempt by global central banks to harness artificial intelligence technology to enhance operational efficiency.
European Central Bank Tests Generative Artificial Intelligence in Business Departments
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