Experts Warn of Major Cyber Threats and Potential Market Crash Driven by AI
Scientists and cybersecurity experts are raising alarms this year about multiple potential "Black Swan" events, particularly those fueled by artificial intelligence that could pose significant risks to society. Recent indications suggest that the stock market may be at risk as well, reflecting instability.
The troubling situation came to a head on July 19, 2024, when 8.5 million Windows computers experienced failures, causing widespread disruptions at airports, banks, and hospitals. Many organizations had to either suspend operations completely or restrict their services.
The root cause of these IT outages was identified as a faulty software update that led to massive system crashes. Experts warn that without effective safeguards, similar incidents could recur, accompanied by AI-generated market volatility, leading to severe economic repercussions.
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