President of the European Central Bank warns that artificial intelligence may trigger financial crisis risks

```htmlGolden Ten Data reported on June 17 that European Central Bank President Lagarde stated that artificial intelligence could potentially trigger a financial crisis, and the European Central Bank is determined to ensure 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 be prepared." She warned that the real risk is not artificial intelligence itself, but the upheaval that may be triggered once this disruptive new variable enters the real world. Lagarde remarked: "In modern history, there is a force that has destroyed more jobs and eroded more savings than any technological innovation, and that force is financial crisis. As these systems become more powerful, they are penetrating deeper into the economy." Next, the European Central Bank will send letters to bank CEOs to ensure they are prepared for AI attacks, are resilient enough, and understand that addressing related risks requires significant investment. Lagarde believes that ultimately, some form of global governance mechanism for artificial intelligence needs to be established, similar to the nuclear non-proliferation agreements that helped maintain global security during the peak of the Cold War.```