The President of the European Central Bank warns of the risk of AI triggering a financial crisis BlockBeats News: On June 17th, European Central Bank President Lagarde stated that artificial intelligence has the potential to trigger a financial crisis, and the European Central Bank is determined to ensure that this does not happen. Lagarde said on Wednesday, "Even with a sound regulatory system, we cannot stop the development of artificial intelligence. What we can do is to be prepared." She warned that the real risk is not artificial intelligence itself, but the turbulence that may be caused by this disruptive new variable entering the real world. Lagarde said, "In modern history, there has been a force that has destroyed more jobs and eroded more savings than any technological innovation, and that force is the financial crisis. As these systems become increasingly powerful, they are penetrating deeper into the economy." The European Central Bank will next write to bank CEOs to ensure that they are prepared and resilient enough for artificial intelligence attacks, while understanding the need for significant investments to address related risks. Lagarde believes that ultimately it is necessary to establish some kind of global artificial intelligence governance mechanism, similar to the nuclear non-proliferation agreement that helped maintain global security during the peak of the Cold War. (Golden Ten)