✉news BusinessFinance first seen 2 h ago, last 29 min ago, peak #22
Apollo warns of AI-driven 'bank run' risk to finance
Original: Apollo raises specter of an AI agentic 'bank run' hitting financial industry
Apollo Global Management is warning that artificial intelligence agents could trigger a modern version of a bank run in the financial industry. The concern is that AI systems acting autonomously could move money out of banks or funds far faster than human depositors ever could, potentially destabilising institutions if many agents react to the same signals at once.
Why now: A major asset manager's warning about AI systems amplifying financial panic taps into current anxiety over AI's growing role in markets.
Apollo Global Managementfinancial industry
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