# Fed survey: AI is now the biggest financial risk

> Artificial intelligence has surged to the top of the Federal Reserve's list of threats to the financial system, cited by 87% of survey respondents.
- Title: Fed survey: AI is now the biggest financial risk · CNBC
- Summary: Artificial intelligence has surged to the top of the Federal Reserve's list of threats to the financial system, cited by 87% of survey respondents.
- Keywords: federal reserve, artificial intelligence, financial stability, financial system risk, CNBC
- Source: CNBC — https://cnbc.com/2026/11/13/ai-risks-financial-system-federal-reserve.html
- Author: Jeff Cox
- Published: 2026-11-13T21:00:12+00:00
- Read time: 1 min
- Topics: federal reserve, artificial intelligence, financial stability, financial system risk, business, finance
## AI tops Fed's financial risk list
The Federal Reserve released a financial stability report Friday showing artificial intelligence as the biggest threat to the financial system, far exceeding other dangers.
## AI concern surges among respondents
Eighty-seven percent of survey respondents cited AI as a salient risk to the system, up from fifty percent in the spring of this year.
## Three distinct areas of AI concern
Respondents identified elevated equity valuations risking market correction, cybersecurity risks from state actors or frontier AI models, and risks from complex AI-related financing.

> elevated equity valuations and the possibility that lower-than-expected earnings could result in lower valuations and a market correction; cybersecurity risk, stemming from either a malicious attack by sophisticated state actors or damage caused by frontier AI models themselves; and risks associated with complex forms of AI-related financing
## Other risks trail far behind AI
Risk asset correction was cited by fifty-two percent of respondents, followed by higher long-term rates at forty-eight percent and cyberattacks at forty-three percent.
## Key takeaway

The Federal Reserve's latest financial stability survey found AI is now the biggest threat to the financial system, cited by 87% of respondents, up from 50% in spring 2026.