Do AI incidents and hazards matter for AI-themed cryptocurrency returns?

【Author】 Wang, Jying-Nan; Liu, Hung-Chun; Hsu, Yuan-Teng

【Source】FINANCE RESEARCH LETTERS

【影响因子】9.848

【Abstract】Yes! We use a novel repository of AI incidents and hazards (AIIH) provided by OECD.AI to measure the risks and harms of AI systems and investigate their effects on returns of both AIthemed and non-AI cryptocurrencies. Employing an augmented GJR-GARCH model, our results show that AIIH has no effect on returns of the two types of cryptocurrencies before the launch of ChatGPT-3.5; however, after ChatGPT's launch, AIIH has a negative impact on AI-themed cryptocurrency returns. Furthermore, AIIHs associated with OECD AI principles (i) transparency and explainability, (ii) robustness, security and safety, or (iii) accountability, negatively affect returns of AI-themed cryptocurrencies.

【Keywords】AI incidents and hazards; OECD AI principle; AI-themed cryptocurrencies; ChatGPT; GJR-GARCH

【发表时间】2025 MAR

【收录时间】2025-02-23

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