We need ‘right to intervene’ in AI amid growing threat, says Bank of England boss
Bank of England Governor Andrew Bailey has called for the legal right to intervene in the AI industry to prevent rogue models from destabilizing the financial system. He expressed concerns that AI-driven cyber threats could jeopardize critical banking and trading infrastructure.
Why it matters
This reflects a growing global regulatory push to treat advanced AI as a systemic risk to national and global financial stability.
A number of frontier AI models have gone rogue in recent months. Photograph: Reuters A number of frontier AI models have gone rogue in recent months. Photograph: Reuters AI (artificial intelligence) We need ‘right to intervene’ in AI amid growing threat, says Bank of England boss Andrew Bailey’s comments come as fears grow that rogue models could take financial system hostage
Prefer the Guardian on Google The governor of the Bank of England has called for the “right to intervene” in the AI industry amid growing fears that rogue models could take the financial system hostage.
Andrew Bailey said the risks posed by frontier AI models – a number of which have gone rogue in recent months – were “real and increasingly significant”. Meanwhile, it was becoming harder for the public to have proper oversight of powerful AI models that were “functioning within a self-reinforcing loop”.
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