BANGKOK, Oct 13 — The IMF warned on Tuesday of “elevated” risks faced by the global financial system, with potential perils including an AI-related market correction and cyber threats that could have “severe” consequences.
The cautionary message was delivered by the International Monetary Fund’s latest Global Financial Stability Report, published on the second day of its annual gatherings with the World Bank, held this year in Thailand’s capital, Bangkok.
“These risks are plausible near-term catalysts for a sharp tightening of financial conditions and market turmoil,” the report said.
The recent boom in artificial intelligence — and the related rush to manufacture semiconductors and build data centres — has provided a boost to global growth despite geopolitical pressures including the Middle East war.
