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A Fed official is asking whether AI is becoming ‘too big to fail’

The Next Web

TechnologyThe Next Web·Aug 5, 2026·1 min read

A Fed official is asking whether AI is becoming ‘too big to fail’

A senior Federal Reserve official has put an uncomfortable question on the table. Speaking this week, Kansas City Fed president Jeff Schmid said the finances around the AI buildout now merit close watching. Jeff Schmid said there were…

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