New AI models pose growing risk to financial stability, FSB chief Bailey warns By Investing.com
• Financial Stability Board (FSB) chief Bailey has warned that the emergence of new AI models poses a growing risk to global financial stability. • Bailey emphasized the urgent need for robust response and recovery capabilities, specifically the ability to restore critical systems and data from "bare metal" after major cyber incidents. • This warning highlights the systemic vulnerability of financial infrastructure to AI-driven cyber threats and the potential for widespread operational failure.
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