Li Lihui: Putting less mature AI technology into finance or amplifying existing risks to create new risks

Li Lihui, former president of the Bank of China, said at the “Second Pearl Bay Financial Forum” that there are three major innovation trends in artificial intelligence technology, including generative AI to initiate the transformation of content production methods and human-computer interaction methods, expand from general large models to vertical models, and directly create business value.

"However, current artificial intelligence (AI) algorithms and models are still not clear and transparent enough, and there are still technical shortcomings that need to be addressed. Li Lihui also pointed out that putting less mature AI technology into the high-risk financial sector could magnify existing risks and create new ones.