ECB: Lagarde says we must ensure that AI does not lead to a financial crisis

“In recent history, one force has destroyed more jobs and more wealth than technology ever has: the financial crisis.” This was emphasised by ECB President Christine Lagarde, speaking at the 19th edition of the Cotec Europa symposium, ‘Rethinking Work in the Age of AI: Transformation, Opportunities and Governance’, currently taking place in Venice. Faced with the tide of artificial intelligence, she added, “ensuring that this technology does not turn into a financial crisis is how we at the ECB can best serve the people of Europe.”

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