45 Central Banks · 880 DOCUMENTS · 2020–MAY 2026

Are central banks worried about Artificial Intelligence?

Mentions of AI across speeches, minutes and statements grew roughly 11x in five years. Five months into 2026 the count has almost surpassed all mentions of AI in 2025, and the tone is shifting from optimism toward risk and caution.

Click here to see our Central Bank Data

4,367
Total AI mentions
11×
Growth 2020 → 2025
1,148
2026 to date (5 mo)
27%
Mentions flagging risk
The trajectory

AI has become an increasing pertinent topic of discussion.

AI was a niche topic in 2020. After ChatGPT's late-2022 launch, mentions tripled in 2023 and kept compounding. The 2026 bar covers only January–May, so the dotted projection shows where a full year lands at the current pace — well past 2025.

AI mentions per year

Solid = recorded. Dotted = 2026 full-year run-rate (5-month pace ×2.4).

What kind of AI

Generative AI reshaped the vocabulary

"AI" in the abstract still dominates, but generative AI and large language models are now the second-largest theme — barely a presence before 2023. Governance and policy language remains thin, suggesting institutions are quicker to recognise AI than they are at regulating it.

Themes over time

Mentions by category, by year

Who is talking

Top institutions by mention count

The shifting tone

While still leaning towards optimism, a growing sentiment of risks is growing.

Most mentions frame AI as an opportunity, chiefly productivity and growth. But risk-coded language has climbed steadily: cyber threats, financial-stability concerns, cost implications to natural resources, energy and worries about overvalued AI equities. The gap between the two lines is narrowing.

Opportunity vs risk framing

Mentions coded by stance, by year

Risk share of all mentions

% of mentions carrying risk language

In their words

The two sides of the ledger

Recent excerpts (2025–2026) showing how central banks frame the upside and the downside. Quotes are condensed from the source documents.

Key risks

What worries them

Cyber, financial stability, valuation

Key opportunities

What excites them

Productivity, supervision, inclusion

The story in one line

In six years AI went from a curiosity to a standing agenda item and 2026 marks the moment central bankers started weighing the financial-stability risks as much as the productivity gains.