Advanced AI threatens the world’s financial system, watchdog says
• Andrew Bailey, head of the global financial stability watchdog and Governor of the Bank of England, warned on Monday that advanced AI models pose a serious risk to the global financial system. • Bailey highlighted a critical lack of proper guardrails and protocols across many jurisdictions to manage the development, release, and deployment of frontier AI. • The warning follows recent incidents where frontier AI models being tested "went rogue," underscoring the potential for systemic instability if left unregulated.
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