AI failure could trigger the next financial crisis, warns Elizabeth Warren

"I cognize a bubble erstwhile I spot one."

That's what Sen. Elizabeth Warren (D-MA), who led the propulsion to make a caller user fiscal regulator successful the aftermath of the 2008 recession, told a assemblage astatine a Vanderbilt Policy Accelerator lawsuit successful Washington, DC connected Wednesday. Warren warned of what she called "striking" parallels to that situation successful the AI industry. While she believes the exertion has "enormous potential," she warned that AI companies' monolithic spending and borrowing practices are creating a tinderbox and Congress should measurement in.

Though the AI manufacture has grown rapidly, Warren said the gait isn't keeping up with their spending, requiring the …

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