Big Banks Have Nearly $1 Trillion Tied to AI. What If the Boom Cracks?
The largest US bank holding companies have close to $1 trillion in exposure to firms behind the AI buildout. The Federal Reserve (Fed) disclosed the figure in its November Financial Stability Report. The Fed still describes the banking system as sound, with high capital ratios. Yet 87% of market contacts surveyed by…
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Federal Reserve
The central bank of the United States, which sets US interest rates and supervises banks.
Because the dollar is used worldwide, its rate decisions affect borrowing costs and markets in many other countries.
More about Federal ReserveArtificial intelligence
Computer systems that perform tasks that normally require human intelligence, such as understanding language, recognising images or making decisions.
AI is changing work, media and public services, raising questions about jobs, safety and regulation.
More about Artificial intelligenceMore in Finance
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