United States of America: Closed consultation on USDT inquiry into AI use in the financial services sector

On 5 August 2024, the US Department of the Treasury (USDT) closes the consultation on the uses, opportunities, and risks of Artificial Intelligence (AI) in the Financial Services Sector. The USDT gathered information on the application of AI within the sector, particularly in digital payment and DLT development. The consultation aims to enhance the Treasury's understanding of AI's role in financial services, identifying opportunities for its use, potential risks, and the impact on consumers, investors, and the financial system.