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Bank of England governor warns frontier AI threatens global financial stability

Andrew Bailey, chair of the Financial Stability Board, has warned G20 finance ministers that advanced frontier AI models pose a growing risk to global financial stability, citing cyber threats and the potential for a market correction to spread across jurisdictions.

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Andrew Bailey, chair of the Financial Stability Board, has warned G20 finance ministers that advanced frontier AI models pose a growing risk to global financial stability, citing cyber threats and the potential for a market correction to spread across jurisdictions.

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