"Prepare For More Severe Scenarios": Bank Of England Chief Warns Of AI Threat To Global Financial System

"Prepare For More Severe Scenarios": Bank Of England Chief Warns Of AI Threat To Global Financial System As the world marches towards open-weight, efficient, unrestricted frontier AI models out of China, Western leaders are starting to panic over the lack of guardrails. Most recently, Bank of England Governor Andrew Bailey suggested that the threat posed by AI could lead to a chaotic correction in global financial markets, as frontier models are now showing "increasingly sophisticated autonomy and problem-solving abilities, as well as threat capabilities." Governor of the Bank of England Andrew Bailey addresses the...