AI Boom Might Cause Next Financial Crisis
Artificial intelligence companies are worth way too much money right now. Big tech firms and AI startups are heavily intertwined through cross investments. If one major player fails, it could set off a domino effect across the whole market.
At the same time, financial markets are taking on too much debt. The Bank of England told G20 ministers that this dangerous mix looks a lot like past economic crashes. Cyber risks from advanced AI models add even more pressure to the system.
Many countries still do not have proper rules to manage these new threats. Experts say governments need to act fast before these hidden financial risks spiral out of control.
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