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.
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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