AI-generated content raises risks of more bank runs, UK study shows

AI-Generated Content Increasing Risks of Bank Runs, UK Study Reveals
A recent study from the UK highlights that disinformation generated by artificial intelligence and disseminated via social media is escalating the risk of bank runs. The research, conducted by Say No to Disinfo along with communications firm Fenimore Harper, emphasizes the need for banks to enhance their monitoring systems to identify potential threats posed by false information that could influence customer behavior. Generative AI has the capability to create misleading news stories claiming that customers’ funds are unsafe or even humorous memes questioning a bank’s security, amplifying fears among depositors. This concern has intensified following the rapid withdrawal of $42 billion in just 24 hours during the collapse of Silicon Valley Bank in 2023, prompting banks and regulators to pay closer attention to social media’s impact on financial stability.
For more on this topic, visit https://finance.yahoo.com/news/ai-generated-content-raises-risks-080340981.html
#AI #Banking #Disinformation #FinancialStability #SocialMedia

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