Apollo chief economist: AI agents could trigger bank runs by sweeping cash to high-yield accounts
kleffew94 · x · 2026-09-27
Apollo's chief economist offers a counterintuitive thesis: AI agents could trigger bank runs by automatically sweeping household cash from accounts paying the 0.1% national average into ones yielding 3-5%, costing banks a large share of their cheap deposits. A macro-risk thought experiment about fully automated agent-driven money management that is sparking industry discussion.
Related event: Apollo Warns of AI Agent-Driven Bank Runs(4 posts)→
More from AGI Musings
- Vivek Haldar on 'meat proxies': don't forward AI output unread, use agents with rigor — vivekhaldar · 2026-09-28
- Engineer Rips AI Doom Narratives: Catastrophic Risk Is an Amateur Deployment, Not an Alignment Crisis — AlexTensor · 2026-09-28
- Opinion: Is the AI Safety Wave Really a Marketing Bet? — ro_ma_ro · 2026-09-28
- Pedro Domingos mocks AI safety rhetoric with a rogue blender analogy — pmddomingos · 2026-09-28
- Blogger predicts AI will skew male: 'AI gf' concept may not pan out — ctjlewis · 2026-09-28
- Reddit essay: AI fear is marketing, transformers have hit their cognitive ceiling — Fit-Gas-5760 · 2026-09-28