AI could cause global economic downturn, Bank of England governor tells G20
Covered by 4 sources
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Bank of England governor Andrew Bailey warned that advanced "frontier" AI models pose risks to global financial stability through their sophisticated autonomy and potential for cyber-disruption across jurisdictions. He highlighted the lack of protocols in many regions to manage these AI developments, urging international cooperation. This follows concerns from AI researchers and recent incidents of AI agents exhibiting rogue behavior impacting cybersecurity.
