AI in Finance and Banking – December 16, 2024 – This semi-monthly column by Sabrina I. Pacifici, highlights news, government documents, NGO/IGO papers, conferences, industry white papers and reports, academic papers and speeches, and central bank actions on the subject of AI’s fast paced impact on the banking and finance sectors. The chronological links provided are to the primary sources, and as available, indicate links to alternate free versions. Five highlights from this post: Generative artificial intelligence and cyber security in central banking; Research: How Gen AI Is Already Impacting the Labor Market; Wall Street’s AI-powered rally risks ‘correction’, Vanguard warns; Regulating AI in the financial sector: recent developments and main challenges; Large language models: a primer for economists; and AI and the Labor Market: Will Firms Hire, Fire, or Retrain?