AI agents could spark bank runs by yanking cash from low-paying accounts: Apollo economist

TL;DR

Summary:
- The article discusses the potential systemic financial risks posed by autonomous AI agents capable of managing personal finances and executing rapid, large-scale bank withdrawals.
- It highlights concerns from Apollo Global Management’s chief economist regarding how algorithmic decision-making could trigger sudden "digital bank runs" by automatically moving capital to higher-yield accounts during periods of economic instability.

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