IMF warns of ‘inevitable’ AI-powered threats to world

Washington: The International Monetary Fund (IMF) warned on Thursday of the risks toglobalfinancial stability posed by cyberattacks powered by advanced artificial intelligence tools, calling for greater international cooperation on the issue.

“IMF analysis suggests that extreme cyber-incident losses could trigger funding strains, raise solvency concerns, and disrupt broader markets,” the lender warned in a new report.

The study’s authors highlighted the risks posed by the highly interconnected nature of the global financial system, with advanced AI models able to “dramatically reduce” the time and cost of exploiting vulnerabilities.