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ECB’s Lagarde says AI could trigger financial crises and calls for Cold War-style non-proliferation governance - The ECB president said 109 banks have been stress-tested for AI-powered cyberattacks and that she will write to CEOs demanding serious investment in resilience
Lagarde warned that financial crises, not technology, are what destroy jobs and savings. She wants AI governance modelled on nuclear non-proliferation treaties.
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