Artificial intelligence could fundamentally reshape the global financial system—and eventually make it too complex for humans to understand.
In this commentary, historian and bestselling author Yuval Noah Harari explains how financial systems have evolved through increasingly sophisticated mechanisms of trust.
He warns that AI could accelerate this evolution, creating new financial instruments beyond traditional stocks and bonds and eventually exceeding the capacity of human experts to understand how financial decisions are made.
Harari illustrates the danger through a hypothetical financial crisis in which markets collapse and government advisers cannot explain the cause.
His argument raises important questions about financial transparency, systemic risk, government oversight and institutional accountability.
As AI becomes more deeply integrated into global finance, ensuring meaningful human supervision will be an increasingly important public-policy challenge.
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