Cointime reports: A Federal Reserve report found 87% of respondents view AI as a major risk to the financial system. Nvidia’s board said it has not formally approached any CEO candidate, while Elon Musk said he would sign a petition supporting the reinstatement of Jensen Huang as Nvidia CEO. Fed’s Daly said worsening inflation likely makes further rate hikes necessary, and Microsoft’s global service outage disrupted commodity trading, including oil price data and trading communications.
Fed Survey: 87% See AI as Major Financial System Risk; Nvidia Board Has Not Contacted CEO Candidates
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