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Bank of Japan warns of risks from AI market shock, cyberattacks
The central bank said rising cyber threats and possible AI-related market corrections could spread through banks as lending to foreign non-bank financial institutions grows.
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5 Articles
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Bank of Japan warns of risks from AI market shock, cyberattacks
TOKYO, Oct 23 : The Bank of Japan warned on Friday of rising risks caused by AI, including growing cybersecurity threats and potential market shocks, that could spill over to the country's banking system. While the BOJ said in its semi-annual report it did not see any major financial imbalances, it said risi
·Singapore, Singapore
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The Bank of Japan warned that a loss of confidence in the profitability of AI investments could trigger portfolio adjustments outside the country and have an impact on its markets. The entity also asked financial institutions to better prepare for cyberattacks that take advantage of generation AI.
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Total News Sources5
Leaning Left0Leaning Right1Center2Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
C 67%
R 33%
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