Artificial intelligence and the future of central banking

How will AI reshape the global financial system and central banking? What roles does the BIS play in supporting central banks through this journey? As AI adoption accelerates, proactive steps are essential to navigate the transformative impact on finance.

This presentation outlines the BIS's strategic actions and collaborative work with central banks, including two impactful projects from the Innovation Hub: Project Gaia, which automates climate data extraction from corporate reports for more efficient climate risk analysis, and Project Spectrum, which leverages AI to organize retail data for more accurate inflation nowcasting.