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In a speech of 11 July 2024 at the IMF/World Bank Constituency meeting in Moldova, Klaas Knot, Chair of the Financial Stability Board, said that concentration risk and third-party risks were among the most important AI risks identified, and that the market for generative AI models appears to rest on a handful of models. Copy claim link
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Supporting evidence: primary · 1 source; Context: primary · 1 source
Date 2024-07-11 · event Records dated 2024 → Role Articulation Register (kind of text) Nonfiction Scope and limits The speaker’s view in his role as FSB Chair, not the FSB’s position (disclaimer recorded). He described the FSB’s update of its 2017 report as not yet concluded.
The evidence 03 primary source Supports the claim
The AI adventure: how artificial intelligence may shape the economy and the financial system ↗ Financial Stability Board · 2024-07-11
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Source excerpt “The most important ones are concentration risk, third-party risks, possible increases in herding behaviour, and model risk, including challenges with regard to explainability.” Location in source Speech text, paragraph beginning “This year, we are updating”
How it was read Retrieved directly from the publisher
Machine-checked · 2026-11-06
Source details and check notes Authors Klaas Knot Version Retrieved for the candidate pack on 2026-11-02 (SHA-256 12e07da54b2a4b4373f89809ce31ddd7868b19c6831fa8d78c3d8a7cb79393c8). Retrieved again at admission on 2026-11-06 (SHA-256 1bd6fc0d731fe3c5ca4a770efdd19e5a1d97b46d9ab68c63d6a8041b5dba4f7a; web pages are served with new markup on each request). FSB web page of the speech text as served on 2026-11-02 (no PDF located on the page) Canonical address Open the canonical source ↗ Accessed 2026-11-06 Language English (en) Attribution Klaas Knot, “The AI adventure: how artificial intelligence may shape the economy and the financial system”, 2024-07-11. 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 (23 words) matched a fresh retrieval of 2026-11-06. 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
The AI adventure: how artificial intelligence may shape the economy and the financial system ↗ Financial Stability Board · 2024-07-11
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Source excerpt “Although there are lots of applications out there, in practice they all seem to be based on only a handful of models, perhaps just three or four.” Location in source Speech text, paragraph beginning “Many of the potential risks”
How it was read Retrieved directly from the publisher
Machine-checked · 2026-11-06
Source details and check notes Authors Klaas Knot Version Retrieved for the candidate pack on 2026-11-02 (SHA-256 12e07da54b2a4b4373f89809ce31ddd7868b19c6831fa8d78c3d8a7cb79393c8). Retrieved again at admission on 2026-11-06 (SHA-256 1bd6fc0d731fe3c5ca4a770efdd19e5a1d97b46d9ab68c63d6a8041b5dba4f7a; web pages are served with new markup on each request). FSB web page of the speech text as served on 2026-11-02 (no PDF located on the page) Canonical address Open the canonical source ↗ Accessed 2026-11-06 Language English (en) Attribution Klaas Knot, “The AI adventure: how artificial intelligence may shape the economy and the financial system”, 2024-07-11. 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 (27 words) matched a fresh retrieval of 2026-11-06. Matching ignored differences of whitespace, case, quotation marks, dashes, line-break hyphens and Unicode compatibility forms. No human editorial review. primary source Context only
The AI adventure: how artificial intelligence may shape the economy and the financial system ↗ Financial Stability Board · 2024-07-11
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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 “The views expressed in these remarks are those of the speaker in his role as FSB Chair and do not necessarily reflect those of the FSB or its members.” Location in source Head of the speech page, below the title
How it was read Retrieved directly from the publisher
Machine-checked · 2026-11-06
Source details and check notes Authors Klaas Knot Version Retrieved for the candidate pack on 2026-11-02 (SHA-256 12e07da54b2a4b4373f89809ce31ddd7868b19c6831fa8d78c3d8a7cb79393c8). Retrieved again at admission on 2026-11-06 (SHA-256 1bd6fc0d731fe3c5ca4a770efdd19e5a1d97b46d9ab68c63d6a8041b5dba4f7a; web pages are served with new markup on each request). FSB web page of the speech text as served on 2026-11-02 (no PDF located on the page) Canonical address Open the canonical source ↗ Accessed 2026-11-06 Language English (en) Attribution Klaas Knot, “The AI adventure: how artificial intelligence may shape the economy and the financial system”, 2024-07-11. 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 text’s own statement of whose views it gives, shown beside the record; it is context, not support. The quotation matched a fresh retrieval of 2026-11-06. 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.
Relation. A passage of the document meets the proposition’s criterion. The record documents what the text states, in its register (fiction and satire are labelled); it is not evidence that the proposition is true and implies no influence on or from another text.
Date. Date the speech or remarks were delivered, as the text gives it.
Record ID am-u02-fsb-2024-knot-ai-page