IMF warns of risks to economy due to AI

The high concentration of artificial intelligence (AI) supply chains in a limited number of countries and companies poses risks to global financial stability. The chief economist of the International Monetary Fund (IMF), Silvana Tenreiro, warned about potential threats to the economy, as quoted by TASS.

During the autumn session of the governing bodies of the IMF and the World Bank in Bangkok, a representative of the organization noted that the sustainability of the global economy is limited by the very structure of economic growth

“The key driver of global growth has been the AI boom, driven by investment and trade. However, AI industry supply chains are highly concentrated in a limited number of countries, sectors and companies, creating potential bottlenecks,” she noted.

In addition, the likely correction in asset prices and cyber threats in the artificial intelligence sector could negatively impact growth rates and pose risks to financial stability, Tenreiro added.