Advanced AI Threatens Global Financial Stability, Says Bank of England Boss The warning signs have been evident for a while, but it was only when Andrew Bailey, governor of the Bank of England, sounded the alarm that we took notice.
In his recent letter to international finance ministers and central bank governors, Bailey highlighted the growing threat of advanced artificial intelligence (AI) technology to global financial stability.
Bailey's concerns about AI are not new; he has been warning about its potential risks since taking office in 2020.