Dangers to financial stability posed by the development of artificial intelligence tools are already starting to become a worry, two central bank chiefs told a conference on Tuesday. Asked if there’s “something bad that could happen that you are preparing for” related to the technology, the policymakers from two Asian banking hubs each highlighted possible risks that they’ve identified. “It’s likely that there will be dominant AI firms, dominant cloud computing firms, that financial institutions are increasingly becoming reliant upon,” said Eddie Yue, chief executive officer of the Hong Kong Monetary Authority. “If ... (full story)