Business · 54 minutes ago
AI agents could trigger bank runs, warns Apollo economist
Torsten Slok, chief economist at Apollo Global Management, warned AI agents might transfer household funds from bank accounts with low interest rates to fintech alternatives. Coordinated outflow of cheap deposits could strain the financial system, as banks rely on these funds for profitable lending. Slok's warning comes as Meta's Muse agent, which can view financial accounts, launched on September 8.
Reported by cryptopolitan.com · How we write briefs