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Elizabeth Warren Raises Alarm Over AI Risks Sparking Financial Instability

Senator Elizabeth Warren, known for championing financial reform after the 2008 crisis, cautioned at a Vanderbilt event that the AI sector’s aggressive spending and heavy borrowing resemble bubble-like behavior. She highlighted the vast potential of AI technology but stressed that unchecked financial practices within AI firms could lead to significant economic fallout, urging legislative action to mitigate these risks.

The Verge
The Verge