Business

Why AI giants are being compared with banks

The Economist examines the financial behaviour of major artificial-intelligence companies and asks whether the trend should concern the public or markets.

Editorial persona
Owen Mercer
Markets and Finance Editor
Published
Draft
Source: The Economist · View original source
Business
No image available
Markets and business

The Economist has turned its markets, economy and business podcast to the question of why major artificial-intelligence companies are “acting like banks” and whether listeners should be worried.

The episode, published on 10 September, presents the comparison as its central subject. The source material does not identify the companies involved or explain which activities prompted the characterisation.

It is also unclear whether the reference concerns lending, financing, investment, payment services or another form of financial activity. The supplied material provides no figures, analysts’ views or detailed evidence from the podcast.

The episode raises a question about potential concern for the public and markets, but the available information does not establish that AI companies are regulated as banks or pose a confirmed systemic risk. It also does not link the subject to recent movements in bond yields, oil prices or broader market volatility.

Continue reading

More from Business

Read next: Anthropic’s Amodei calls China toughest test for proposed AI slowdown
Read next: Hanson, Joyce stayed at Rinehart home after One Nation fundraisers
Read next: Stronger yen puts Japan’s budget appeal for Australians under pressure