The Korea Times
HALF MOON BAY, CALIFORNIA — What is the biggest risk posed by artificial intelligence (AI)? While many would point to the financial system, our attention would be better directed more toward labor markets. Financial concerns are certainly understandable. Even in 2026, the specter of 2008 haunts every conversation about economic risk. When Lehman Brothers collapsed, and the global banking system teetered, governments faced a momentous choice: bail out the banks with public money or watch the financial system implode. In the United States, policymakers chose a bailout, encouraging future risk-taking and enraging taxpayers who bore the cost. But U.S. regulators then spent the following decade building a new line of defense, which is now embedded in the global banking architecture. In the process, they offered a roadmap for addressing any systemic risks now accumulating within the AI industry. To be sure, the Financial Stability Board (FSB) warns that regulatory frameworks designed to monitor AI are still in their early stages. But the risks remain manageable. The AI industry has arrived
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