PBOC Deputy Governor Lu Lei Warns of AI-Related Financial Risks

Lu Lei (陆磊), Deputy Governor of the People's Bank of China, stated on September 18 at the China-ASEAN Financial Cooperation and Development Forum that new AI technologies bring risks such as algorithmic black boxes and model hallucinations. He highlighted the 'asymmetric understanding' between humans and AI as a deep challenge for the financial industry, emphasizing the need for enhanced security governance and international cooperation to manage AI-driven financial risks.