AI could cause global economic downturn, Bank of England governor tells G20
by Simon Goodley from Technology | The Guardian on (#7824B)
Andrew Bailey, in role as financial stability watchdog chief, warns advanced models risk destabilising system
The Bank of England's governor, Andrew Bailey, has joined the throng of figures warning about the global risks posed by the most advanced artificial intelligence technology.
In a two-page letter sent to international finance ministers and central bank governors as part of his role as chair of the international Financial Stability Board (FSB), Bailey said frontier" AI models were showing increasingly sophisticated autonomy and problem-solving abilities, as well as threat capabilities".
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