ECB President Lagarde Warns AI Could Trigger Financial Crisis on June 17

According to Jin10, European Central Bank President Christine Lagarde warned on June 17 that artificial intelligence could trigger a financial crisis, though the ECB is committed to preventing such an outcome. Lagarde stated the real risk lies not in AI itself but in the potential turbulence created when this disruptive technology enters the real world.

The ECB will write to bank chief executives to ensure they are prepared for AI-related attacks and possess sufficient resilience, with awareness that addressing these risks requires significant investment. Lagarde called for establishment of a global AI governance framework similar to nuclear non-proliferation agreements from the Cold War era.