Apollo chief economist warns AI agents could trigger bank-run-style flash crash
StewartalsopIII · x · 2026-09-28
Apollo's chief economist warns that mass adoption of AI investment agents could trigger a bank run, as agents simultaneously optimizing user portfolios make eerily similar decisions — echoing Gary Gensler's earlier warnings about algorithmic coordination destabilizing markets.
Commenters extend the point: agents' "acausal coordination" (converging choices with no communication) will show up far beyond markets, and capability gains make it worse. Stewart Alsop adds a skeptical note that the warning comes from Apollo itself, arguing "autonomy" is often a catch-all excuse for internal funny business at firms profiting from late-stage financing.
Related event: Apollo's Chief Economist Warns of AI-Agent-Driven Bank Runs(5 posts)→
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