Hong Kong finance secretary on AI risk and future growth
CNN's Ivan Watson speaks to Hong Kong's Finance Secretary Paul Chan on managing the risks of AI investments and the future impact on the global economy.
Background: capability is only one part of AI deployment
An AI system's performance in a demonstration does not establish that it is suitable for every real-world task. The voluntary NIST AI Risk Management Framework organizes risk work around governance, understanding the intended context, measuring risks and managing them. Its guidance treats this as continuing work throughout a system's life, rather than a single approval before launch.
For readers assessing an announcement, that distinction matters. The proposed use, the people affected, the consequences of errors and the arrangements for monitoring all influence what responsible deployment requires. A claim about access to computing resources or a new model should therefore be read separately from evidence about how the resulting system behaves in practice. The framework is a reference for evaluating those questions; it is not certification that any organization mentioned in this report has met them.
Background source: NIST AI Risk Management Framework 1.0 core, published in 2023.
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Sources and context
CnnSource headline and summary supplied via NewsData.io. First collected by NewsJaws on 2026-10-23. This is an automated news brief, not original NewsJaws reporting. Dates reflect the source publication. Feed delays may apply.