Business · 4 hours ago
IMF Warns AI Share Crash Could Threaten Financial Stability
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The International Monetary Fund has warned that a crash in AI company shares could threaten world financial stability, citing sky-high valuations and rising debt in its latest Global Financial Stability Report. It named an AI correction as one of 3 main risks, alongside government borrowing costs and a major cyber-attack. The seven biggest US tech stocks make up more than 35% of the S&P 500.
Reported by The Guardian · How we write briefs