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Claim · 2024-10-22 · publication · Stated in source · Supported

Chapter 3 of the IMF Global Financial Stability Report of October 2024, prepared by IMF staff, states that AI models and related IT services reside with a handful of key providers and that, if capital markets become too reliant on them, the failure of these providers may lead to market stress akin to the failure of key financial market utilities.

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Global Financial Stability Report, October 2024, Chapter 3: Advances in Artificial Intelligence: Implications for Capital Market Activities → articulates → Reliance on a few AI providers creates concentration risk

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