1、Generative AI:Application and Regulation in Asia PacificIntroduction 3Part one:Generative AI VS.Traditional AI 4Part two:Risks arising from Generative AI and the AP regulatory landscape 6Part three:Regulatory approaches to AI in the Asia Pacific region 7 Part four:The Trustworthy AI Framework in Pra

2、ctice 10Contacts 17Endnotes 193Generative AI:Application and Regulation in Asia PacificIntroductionIn the past twelve months,there have been significant breakthroughs in the development of artificial intelligence(AI)technology such as large language models(LLM)and natural language processing(NLP)mod

3、els.These technologies have been popularised through tools such as OpenAIs ChatGPT,Microsofts Bing AI Chat,and Googles Bard AI,bringing a wave of consumer popularity,intrigue and wariness worldwide.The accessibility of AI platforms to a wide spectrum of users has highlighted the potential applicatio

4、n of AI technologies across various industries,including financial services(FS).Many businesses are starting to embrace AI technology to drive their competitive edge.This has,in turn,presented several challenges for regulatory and legislative bodies,as they find themselves needing to be more respons

5、ive,agile,and proactive towards addressing risks associated with AI applications.On release of our report Trustworthy Use of Artificial Intelligence in Finance in 2022,many regulators in the Asia Pacific(AP)region were still in early stages of consulting on and/or implementing AI principles.Acknowle

6、dging the surge in popularity and usage of AI tools in FS,some legislative and regulatory bodies have been researching the risks associated with the use of AI technology,with the aim of safeguarding consumer rights and interests.In this follow-up report,we further explore risks associated with the u