In this blog, we curate relevant and remarkable content related to digital banking, fintech and high-performance banking leaders. This thoughtful piece by Kevin Stankiewicz published on CNBC reports that Artificial intelligence regulation needs to be crafted with “precision,” according to IBM chief Ginni Rometty in an interview from Davos. Read on.
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“There does need to be artificial intelligence regulation but it must be thoughtfully crafted to allow for technological advancement, IBM Chair and CEO Ginni Rometty told CNBC on Wednesday.
“Precision regulation is what I think is needed because … we’ve got to compete in this world against every country,” Rometty said in a “Squawk Box” interview from the World Economic Forum in Davos, Switzerland. “You want to have innovation flourish and you’ve got to balance that with security.”
Rometty called on lawmakers to regulate “how the technology is used,” but not necessarily the technology itself. She pointed to facial recognition systems as an example of how such regulation could work.
“When you go through an airport to get through safely, to find a criminal, those are good uses of facial recognition,” she said. “To violate your civil liberties, it’s not.”
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