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AI push is putting banks at mercy of tech firms, warns Moody's

Source: Slashdot.org· Alain Williams· August 10, 2026

The rating agency Moody’s has said the race to adopt AI is putting big banks at the mercy of a small group of Silicon Valley firms, leaving them vulnerable to widespread outages and price gouging by profit-hungry tech bosses.The financial sector’s efforts to …

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