ROMA (ITALPRESS) – “Artificial intelligence is no longer a distant perspective. It has already entered the production processes, services, research and everyday life. And it advances at a speed that imposes on enterprises, institutions and financial system to act as quickly as possible.” Thus the governor of Bankitalia, Fabio Panetta, at the Conference organized by the Bank of Italy and the European Investment Bank on “Financial innovation and artificial intelligence as a lever for development”. For Panetta “it is necessary to act decisively so that technological progress is translated into human progress,” he said. “This transformation will require large investments, different by nature from traditional ones. Many will be intangible: research, software, data, skills, organization. They are difficult investments to assess from the outside, often risky, with uncertain returns and far away in time. Here comes the financial system. Because without adequate finance, innovation remains an idea; with patient finance, risk capital and deeper markets, it can become growth, employment, competitiveness,” recalls Panetta.
“Italy and Europe do not start from scratch. They have savings, research, enterprises, skills. But too often these resources do not combine in the necessary scale to support the most ambitious projects. We need to strengthen the ability to mobilise capital towards companies that innovate, grow and transform research into concrete applications,” adds Panetta. “This is the challenge we will discuss today: to make sure that artificial intelligence does not remain confined to the technological frontier, but becomes a widespread leverage of development; and to build the financial conditions so that this transformation can take place in Italy and Europe,” he concludes.
– photo IPA Agency –
(ITALPRESS).
