Banking News – Pranav Gupta, IMF Resident Representative to Nepal (Asia and Pacific Department), has stated that AI promises a more productive world, but the risks must be managed through this transition.

Sharing his experience of delivering a keynote speech on the opportunities and challenges in an era of AI at an event organized by the Federation of International Nepali Youth Entrepreneurs (FINYE), Gupta stated that he was honored to share the stage with the Honorable Minister for Industry, Commerce and Supplies, the Honorable Vice Chairman of the National Planning Commission, the Executive Director of Nepal Rastra Bank, the Presidents of FNCCI, CNI, and SAARC CCI, and other distinguished dignitaries.

According to him, to unlock the potential of AI, businesses will need to rethink, reinvent, and re-engineer products, processes, and workflows, and the impact on jobs could be profound. He noted that as this technological transformation unfolds, it may challenge us to rethink how we work, protect critical infrastructure, and preserve financial stability.