Timeline of artificial intelligence risks in global finance

This is a dynamic list and may never be able to satisfy particular standards for completeness. You can help by editing the page to add missing items, with references to reliable sources.

The following article is a broad timeline of the course of events related to artificial intelligence risks in global finance.

The AI boom has led to concerns including the existential risk from artificial intelligence, as the uptake on applications of artificial intelligence increases. By late 2025, global finance and artificial intelligence were "deeply intertwined".

2017

• 30 November—The New York Times said that new AI reports by McKinsey & Company, the National Bureau of Economic Research, and an AI Index created by university researchers, indicated an AI boom. The Index built on a project—"The One Hundred Year Study on Artificial Intelligence" launched in 2014.

2018

• —2018 was a year of incremental AI growth in finance.

2022

• —The release of ChatGPT by OpenAI became the catalyst for the most recent phase of the AI boom.
• — According to a European Central Bank report, public interest in AI increased rapidly as evidenced with rising Google searches, AI jobs, models, patents, and innovations since late 2022. At that time Europe led the US in the size of its AI workforce.

2023

• The regulatory body, the International Monetary Fund (IMF), published their report, "Generative Artificial Intelligence in Finance: Risk Considerations", drawing attention to oversight gaps and the need for regulations. The report explores the risks posed by using generative artificial intelligence (GenAI) systems in the financial sector including "broader risks to financial stability."

2024

• January 12 —In January 2024 Bloomberg's published its list of the "Magnificent Seven" Big Tech companies on the stock market based on their strength, size and market capitalization—Apple, Microsoft, Alphabet (Google), Amazon, Meta Platforms (Facebook), Nvidia, and Tesla.
• 21 June —During the AI boom, Nvidia became the world's most valuable company, surpassing Microsoft, as its value increased to over US$4 trillion.
• — In 2023 and 2024, the "Magnificent Seven" stocks were the primary drivers behind the increase in equity indexes, according to Reuters.

2025

January

• 23 January —President Donald Trump's AI policy was announced ensuring that the United States would achieve global leadership in artificial intelligence. The Economist noted that this politic shift in which the United States seeks "global dominance" in AI includes trimming regulations and assisting in the provision of infrastructure and workers. Governments of Gulf nations are also investing trillions of dollars in AI.

September

• 7 September —The Economist cautioned that AI revenues are relatively modest compared to the high cost and investments in the creation of new data centers. Even Sam Altman—OpenAI CEO and one of the leading figures of the AI boom.—raised concerns about investors' outsized hopes for financial returns. At the same time, history has shown that new technologies, like railways and electricity, endured and spread after the initial hype faded.

October

• 29 October — Nvidia was the first company in the world to be valued at US$5 trillion.

November

• 2 November —Forbes reported that, since April, the 'Magnificent Seven' tech giants together contributed over 40% of the S&P 500's return, highlighting their outsized influence and the growing impact of AI on market valuations.
• 5 November —Concerns about the potential for a market bubble were raised as six of the AI-related Big Tech "Magnificent Seven"—that contribute to the AI boom—reported losing ground in the stock market. Global markets and artificial intelligence have become "deeply intertwined", according to a Reuters report.

See also

• Applications of artificial intelligence
• AI boom
• Existential risk from artificial intelligence
• Statement on AI Risk
• Big Tech
• AI alignment

References

Sources

B Berkowitz, Ben (29 October 2025). "Nvidia becomes the world's first $5 trillion company". Axios. Retrieved 5 November 2025.

• Biino, Marta (30 November 2024). "Two years ago, ChatGPT triggered an AI boom. It may be just getting started". Semafor. Retrieved 5 November 2025.
• "Why the Magnificent Seven Shapes US Stocks". Bloomberg. 12 January 2024. Retrieved 5 August 2025.

C

• Culp, Stephen (4 November 2025). "Wall St ends lower as bank CEOs warn of possible pullback, fueling tech bubble jitters". Reuters. Retrieved 5 November 2025.

D

• Duffy, Clare (21 June 2024). "AI boom drove Nvidia profits up 580% last year". CNN. Retrieved 5 November 2024.

E

• "What if the AI stockmarket blows up?". The Economist. 7 September 2025. Retrieved 5 November 2025.

G

• Ghiath Shabsigh, El Bachir Boukherouaa (22 August 2023). Generative Artificial Intelligence in Finance: Risk Considerations. International Monetary Fund (IMF) (Report). p. 20. Retrieved 5 November 2025.

H

• Hart, Robert (19 June 2024). "Chip Stock Rally Continues Wednesday After AI Boom Catapults Nvidia To World's Most Valuable Company". Forbes. Retrieved 5 November 2025.

K

• Krauskopf, Lewis (30 May 2025). "Investors see US stocks rally broadening, even as 'Magnificent Seven' rebound". Reuters. Retrieved 5 November 2025.

L

• Leitner, Georg; Singh, Jaspal; Kraaij, van der; Zsámboki, Balázs (15 May 2024). "The rise of artificial intelligence: benefits and risks for financial stability". European Central Bank. Retrieved 5 November 2025.
• Lohr, Steve (30 November 2017). "A.I. Will Transform the Economy. But How Much, and How Soon?". The New York Times. Retrieved 5 November 2025.

S

• Statt, Nick (12 December 2018). "The AI boom is happening all over the world, and it's accelerating quickly". The Verge. Retrieved 5 November 2025.
• Gathering Strength, Gathering Storms: The One Hundred Year Study on Artificial Intelligence (AI100) 2021 Study Panel Report. Stanford University (Report). 1 September 2016. Retrieved 5 November 2025.
• Stone, Bill (2 November 2025). "S&P 500 Q3 2025 Earnings Surge: Magnificent 7 Lead Market Rally". Forbes. Retrieved 5 November 2025.

W

• Weil, Elizabeth (25 September 2023). "Sam Altman Is the Oppenheimer of Our Age". Intelligencer. Retrieved 12 December 2023.
• "Removing Barriers to American Leadership in Artificial Intelligence". The White House. 23 January 2025. Retrieved 5 November 2025.