By Jefferson City News |
                              Feb 15, 2024
                            
                            
                              In a recent House Financial Services Committee hearing, Congressman Blaine Luetkemeyer expressed his concerns about the potential for bank runs caused by artificial intelligence (AI). Luetkemeyer drew attention to his proposed legislation aimed at equipping banking regulators with the necessary tools to prevent such crises from devastating the broader banking system.During the hearing, Luetkemeyer, who serves on the China Select Committee, emphasized the potential vulnerability of the banking system to manipulation by AI technology. He stated, "It scares the heck out of...