Per Woofun AI, European Central Bank President Christine Lagarde disclosed that artificial intelligence could potentially trigger a financial crisis, asserting that the ECB is determined to prevent such an outcome. Lagarde emphasized on Wednesday that while regulatory frameworks cannot halt AI development, institutions must prioritize preparedness. She warned that the primary danger lies not in the technology itself, but in the systemic turmoil arising from its disruptive integration into the real economy.

Lagarde noted that historical financial crises have destroyed jobs and eroded savings on a scale exceeding any prior technological innovation. As AI systems grow more powerful and penetrate deeper into economic structures, the ECB plans to dispatch letters to bank CEOs. These communications will mandate assessments of AI attack preparedness and resilience, acknowledging that mitigating these risks requires substantial investment. Ultimately, Lagarde advocates for a global AI governance mechanism, drawing parallels to Cold War-era non-proliferation agreements that maintained global security.