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The BIS Annual Economic Report 2024 (chapter III) states that relying on a few providers of AI models increases third-party dependency risks, and that any failure of or cyber attack on these providers poses risks to the financial institutions relying on them. Copy claim link
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Supporting evidence: primary · 1 source
Date 2024-06-30 · publication Records dated 2024 → Role Articulation Register (kind of text) Nonfiction Scope and limits States a risk arising from market structure; it reports no provider failure.
The evidence 02 primary source Supports the claim
III. Artificial intelligence and the economy: implications for central banks ↗ Bank for International Settlements · 2024-06-30
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Source excerpt “Another operational risk arises from relying on just a few providers of AI models, which increases third-party dependency risks.” Location in source Section ‘Financial system impact of AI’, paragraph beginning ‘Another operational risk arises’
How it was read Retrieved directly from the publisher
Machine-checked · 2026-11-06
Source details and check notes Authors Bank for International Settlements Version Retrieved for the candidate pack on 2026-11-02 (SHA-256 edfc9e2f0596108f4964c662268212890d005028eea3e11e9d45d1f90008adf7). Retrieved again at admission on 2026-11-06 (same file). BIS HTML chapter as served on 2026-11-02 (requested at https://www.bis.org/publ/arpdf/ar2024e3.htm, redirected to the address given) Canonical address Open the canonical source ↗ Accessed 2026-11-06 Language English (en) Attribution Bank for International Settlements, “III. Artificial intelligence and the economy: implications for central banks”, 2024-06-30. Reuse No open redistribution licence asserted. Bibliographic metadata, editorial paraphrases and short attributed quotations (at most 50 words each). Recheck terms before wider redistribution. Check notes Candidate pack passage, AI and money (research/ai-money). The quotation (19 words) matched a fresh retrieval of 2026-11-06 (the same file the candidate pack read). Matching ignored differences of whitespace, case, quotation marks, dashes, line-break hyphens and Unicode compatibility forms. No human editorial review. primary source Supports the claim
III. Artificial intelligence and the economy: implications for central banks ↗ Bank for International Settlements · 2024-06-30
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Cite the original source Cite the original document, not Selekoa. Check these details against it.
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Source excerpt “Any failure among or cyber attack on these providers, or their models, poses risks to financial institutions relying on them.” Location in source Same paragraph, last sentence
How it was read Retrieved directly from the publisher
Machine-checked · 2026-11-06
Source details and check notes Authors Bank for International Settlements Version Retrieved for the candidate pack on 2026-11-02 (SHA-256 edfc9e2f0596108f4964c662268212890d005028eea3e11e9d45d1f90008adf7). Retrieved again at admission on 2026-11-06 (same file). BIS HTML chapter as served on 2026-11-02 (requested at https://www.bis.org/publ/arpdf/ar2024e3.htm, redirected to the address given) Canonical address Open the canonical source ↗ Accessed 2026-11-06 Language English (en) Attribution Bank for International Settlements, “III. Artificial intelligence and the economy: implications for central banks”, 2024-06-30. Reuse No open redistribution licence asserted. Bibliographic metadata, editorial paraphrases and short attributed quotations (at most 50 words each). Recheck terms before wider redistribution. Check notes Candidate pack passage, AI and money (research/ai-money). The quotation (20 words) matched a fresh retrieval of 2026-11-06 (the same file the candidate pack read). Matching ignored differences of whitespace, case, quotation marks, dashes, line-break hyphens and Unicode compatibility forms. No human editorial review. Status and meaning Editorial status. Machine-checked . Machines found this record and checked it against its sources; no person accepted it individually. Each evidence record above shows how it was checked.
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Record ID am-u02-bis-2024-aer-ch3