Artificial Intelligence (AI) is a hot topic and there are a number of conferences focusing on how central banks could, and should, be using it. Jelena Stapf, Head of Division Branch operations, IT Applications and Automation, Bundesbank (BBk), presented how the BBk’s cash demand is using it at the ATMIA conference.

McKinsey’s has published a list of the top 15 tech trends to follow. Chris Skinner, an independent commentator on the financial markets and an author, highlighted this recently in his blog, TheFinanser.com.

Currency Research has launched the AI Bootcamp, facilitated by The Centre for Alternative Finance at the University of Cambridge Judge Business School, which will explore AI tools and strategies for revolutionising supervisory innovation, with practical insights and a tailored roadmap for AI adoption.

In June, the Mint Director’s Association held a webinar focusing on artificial intelligence (AI) as a tool and how it can be implemented to improve productivity. While coins were the focus of the talk, the theme applies to all currency and business in general. The webinar was hosted by Mr Aditya Berlia – an entrepreneur, educator, and AI advocate – and sponsored by Carveco.

The Bank for International Settlements has published a report stating that central banks should be using Artificial Intelligence to improve their analytical tools.

Leon Schumacher, from Digital Ekho, gave the opening talk at the AI & CB (Artificial Intelligence and Central Bank) online conference in December. For those new to AI, it provided a fast overview of what AI is and some of the issues connected to it.

Artificial Intelligence (AI) roared into the public consciousness in 2023. Its widespread use and, more importantly, its potential have become visible to all, not just the small specialist user community that has been working on it for years. Clearly, AI is of great interest to central banks from the policy makers through the cash issue department.

McKinsey have issued a white paper on what is happening with AI and Generative Pre-trained Transformer (GPT).

Artificial Intelligence (AI), Machine Learning, ‘big data’ and ChatGPT have now reached the public consciousness in a big way, hence headlines such as ‘Central Bank of Ireland blocks ChatGPT for staff as financial services firms grapple with AI’ and ‘China’s Central Bank Warns Against ChatGPT ‘Data Leaks’.

The media rejoices in either claiming the metaverse is dead in the water or that it is booming. Wherever it falls, payments are made in the metaverse, it is a global marketplace and there is the opportunity to do things differently.