Claim · 2024-10-14 · event · Stated in source · Supported

In a keynote address of 14 October 2024, Shaktikanta Das, Governor of the Reserve Bank of India, said that heavy reliance on AI can lead to concentration risks, especially when a small number of tech providers dominate the market, and that failures or disruptions in these systems may cascade across the entire financial sector.

One recorded claim. The claim panel gives its qualification, the source passages with their place in each source, and how it was checked.

What it connects

Central Banking at Crossroads → articulates → Reliance on a few AI providers creates concentration risk

Where it appears

AI and money: what central banks and financial authorities have said, 1997–2026 →

Claim and evidence

Central Banking at Crossroadsarticulates ↓Reliance on a few AI providers creates concentration risk

Machine-checkedStated in sourceSupported

Supporting evidence: primary · 1 source

Date: 2024-10-14 · event Records dated 2024 →
Role: Articulation
Register (kind of text): Nonfiction

Scope and limitsOne paragraph of a keynote on central banking; the speaker’s statement of a possible risk, not evidence that such a disruption has occurred, and not an RBI regulatory measure.

The evidence 01

primary sourceSupports the claim

Central Banking at Crossroads

Reserve Bank of India · 2024-10-14

Cite the original source

Cite the original document, not Selekoa. Check these details against it.

Source excerpt

“The heavy reliance on AI can lead to concentration risks, especially when a small number of tech providers dominate the market. This could amplify systemic risks, as failures or disruptions in these systems may cascade across the entire financial sector.”

Location in source Section ‘New Technologies’, paragraph 20

How it was read Retrieved directly from the publisher

Machine-checked · 2026-11-06

Source details and check notes

Authors: Shaktikanta Das
Version: Retrieved for the candidate pack on 2026-11-02 (SHA-256 f409586635e907f7ad8604d0c9f2b1ab8b4b6480991cee8cdf3dd61e7a69a314). Retrieved again at admission on 2026-11-06 (SHA-256 b48f0786b6f2862567c7879b0789659548fdcc63c4956ba04d762829aad89ea5; web pages are served with new markup on each request). HTML speech page as served on 2026-11-02 (the address carries a query string that identifies the speech and is kept)
Canonical address: Open the canonical source ↗
Accessed: 2026-11-06
Language: English (en)
Attribution: Shaktikanta Das, “Central Banking at Crossroads”, 2024-10-14.
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 (40 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.

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-rbi-2024-das-crossroads