Apollo Economist Warns AI Agents Could Trigger Bank Runs by Shifting Deposits

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Apollo Global Management's chief economist Torsten Slok has raised concerns about the financial risks posed by AI-powered autonomous agents. He warns that these agents could automatically move household funds from low-interest checking accounts into higher-yielding alternatives. This behavior, if widespread, could rapidly drain cheap bank deposits at scale. Such a shift could effectively trigger a modern form of bank run without any deliberate human action.

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