I would like to make a correction. "1 in X companies" should be replaced with "1 in X marketing departments". The fact that the companies talk about AI does not mean they will do anything about it. It's trendy
> This report uses a range of cutting-edge LLM-assisted data techniques to extract key risk information from S&P 500 company filings. Following the recent boom in generative AI, we examine reported risks from these leading firms related to artificial intelligence. We clarify the extent to which firms are reporting new AI related risks, what kind of risks are being reported and what these indicate about the broader dynamics of AI in big business.
This is unrelated to marketing departments.
They want to mention AI to boost interest and such, and they end up mentioning AI risks to hedge/cover their backs
So saying AI is the biggest threat to the S&P is glossing over the root causes. Analysts, getting sucked into the marketing hype, are self-fulfilling in that some people go on their recommendations. After all, in the past if a bank was questioned about how stable it is, could easily see a domino of withdrawals that snowballs into actualy becomming unstable, even if it wasn't before.