The rise of generative AI agents have promised consumers a better, safer future. But what happens if those agents act in ways that destabilize the system, causing bank runs or better enable bad actors to commit fraud or hack financial institutions? Todd Phillips, assistant professor at Georgia State University's Robinson College of Business, talks about his new paper looking into how AI could wreak havoc on the financial system.
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Rob Blackwell
Chief Content Officer and Head of External Affairs
IntraFi
Arlington, VA
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Rob, very interesting topic. Since you brought up SVB in the pod as an example I was wondering if you had any reaction to the WSJ article that named the top depositor list recently. We saw Intrafi listed there and while I know our customer deposits are safe, is there anything in there we should dig into a little? I don't know what question to ask, but am thinking more along the lines of what if a customer asks us about Intrafi after seeing that in the article. Much like a AI model could read that and know someone has deposits somewhere and recommend they be moved. Thanks
-------------------------------------------Original Message:
Sent: 11-05-2024 15:38
From: Rob Blackwell
Subject: [Podcast] How Generative AI Agents Could Threaten Financial Stability
The rise of generative AI agents have promised consumers a better, safer future. But what happens if those agents act in ways that destabilize the system, causing bank runs or better enable bad actors to commit fraud or hack financial institutions? Todd Phillips, assistant professor at Georgia State University's Robinson College of Business, talks about his new paper looking into how AI could wreak havoc on the financial system.
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Rob Blackwell
Chief Content Officer and Head of External Affairs
IntraFi
Arlington, VA
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