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BoE’s Bailey warns AI models could disrupt financial markets
1+ week, 6+ day ago (226+ words) Investing.com -- Bank of England Governor Andrew Bailey warned Monday that advanced artificial intelligence models could trigger a disorderly correction in global financial markets. In a two-page letter to G20 finance ministers and central bank governors, Bailey said frontier AI models…...
AI-driven cyber risk is top concern for global financial stability, watchdog says
1+ week, 6+ day ago (33+ words) By Phoebe Seers LONDON, Aug 31 (Reuters) - Financial Stability Board Chair Andrew Bailey said on Monday that the impact of AI on cyber risk was the most immediate concern for the global financial...