The Central Bank of Cuba published an international overview article assessing how artificial intelligence (AI) is reshaping sectors including finance, while warning that its ethical, social and economic risks require responsible management. The piece frames AI as a powerful decision-support and automation tool, but one that needs governance to ensure benefits are realised sustainably. The article highlights applications in healthcare (clinical decision support, predicting patient deterioration and automating care planning), finance (fraud detection, risk assessment, algorithmic trading and real-time transaction monitoring) and education (adaptive learning and broader access). It sets out core strengths such as speed and efficiency, scalability, automation, predictive analytics and continuous availability, alongside weaknesses including algorithmic bias, potential displacement of routine jobs, technological dependence and high development and maintenance costs. Recommended responses include deploying explainable and auditable models, establishing legal and ethical frameworks, expanding workforce reskilling, promoting equitable access across countries and strengthening safeguards against cyberattacks and data manipulation.
Central Bank of Cuba 2026-04-09
Central Bank of Cuba reviews artificial intelligence strengths and risks and sets out priorities for responsible use
The Central Bank of Cuba published an international overview on how artificial intelligence is reshaping sectors including finance, highlighting both its benefits and ethical, social and economic risks. The article outlines key applications in healthcare, finance and education, and recommends explainable and auditable models, legal and ethical frameworks, workforce reskilling, equitable access and stronger safeguards against cyberattacks and data manipulation.