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Zhou Xiaochuan, former governor of China's central bank, warned that massive investments in AI and related infrastructure could trigger financial instability if some projects fail. He urged policymakers to prepare contingency plans and policy tools to mitigate potential economic and financial crises linked to AI investment risks.[AI generated]
Why's our monitor labelling this an incident or hazard?
The event involves AI systems indirectly through investment in AI and related infrastructure, with the risk that failures in these investments could lead to financial market instability. No actual harm has occurred yet, but the warning about potential financial crisis due to AI investment failures constitutes a plausible future harm scenario. Therefore, it meets the criteria for an AI Hazard. It is not an AI Incident because no harm has materialized, nor is it Complementary Information or Beneficial Use, as the article focuses on the risk and preparedness rather than responses or beneficial deployment of AI.[AI generated]