Menu

Banks Preparing for Aftermath of Unprecedented Catastrophe Caused by AI
📰

Banks Preparing for Aftermath of Unprecedented Catastrophe Caused by AI

Business - Latest - Google News·2 days ago
#RyrTvOOM
#world#news#futurism#banks#financial
Reading 0:00
15s threshold

Shutterstock / RollingCamera

Doomsaying about the coming AI apocalypse is no longer relegated to outbursts from a few tech billionaires .

Now, the major American banks whose policies dictate the flow of capital throughout the world are starting to worry about rogue AI, preparing contingency plans for the “day after” a theoretical AI-driven catastrophe.

That’s according to new reporting from Axios , which notes that banks are preparing for the worst as they experience a huge rise in AI agent activity on behalf of individual customers.

The main worry seems to be an influx of financial activity driven by autonomous AI agents, which have been authorized to access bank accounts by their human users.…

Continue reading — create a free account

Join HashtagPLUS to read full articles, follow hashtags, vote, and join the conversation.