Snapshot article argues for reevaluating AI's role in institutional risk and its governance implications.
Quickly apply original, key PMR-published papers with Snapshots—a short article companion that distills PMR research into compressed, digestible takeaways, so you can put the paper’s core ideas to work in your investment process—fast. This Snapshot article is based on research arguing that AI should be treated as a new institutional risk because its opacity, stochastic outputs, emergent behaviors, and platform dependence cut across traditional risk categories and require boards to redesign governance and oversight.
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Derived from original PMR research written by Robert F. Engle and Ahmet K. Karagozoglu using AI and an editor (2026) studied this question.
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