How AI could roil the next economic crisis

A top International Monetary Fund official warns the technology might shift a garden variety recession into an economic disaster.to echo the risks of AI-powered financial systems in a speech this week, highlighting the "black box" nature of models that are a mystery even to their designers.

"In the next downturn, AI is likely to threaten a wider range of jobs than in past cycles, including higher-skilled cognitive jobs," Gopinath said, stressing she was outlining a risk, not making a prediction. "hey might quickly and simultaneously become overly conservative and rebalance portfolios toward safe assets," Gopinath said.

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