The Globe and Mail reports in its Wednesday edition that the Ontario Securities Commission is evaluating the potential role it can play in overseeing and guiding responsible adoption of artificial intelligence. A Canadian Press dispatch to The Globe says that in a report released Tuesday, the OSC said the use of AI in capital markets is focused on three key areas -- improving the efficiency and accuracy of operations, trade surveillance and detection of market manipulation, and supporting advisory and customer service. It said AI can improve the ability to gather information and detect patterns from large volumes of data by automating processes normally handled manually, presumably leading to better market forecasting and hedging. "Advancements in AI techniques can significantly enhance market liquidity prediction, showcasing superior performance relative to other methods, especially in extreme market conditions," the report said. "Financial services firms in North America have capitalized on AI's improved predictive capabilities for stock liquidity forecasting." The OSC cited a report in The Economist that found financial-services providers consider customer and stakeholder engagement as their most effective use of AI.