Andrew Bailey Warns Markets Are Not Ready for the Rise (or Fall) of AI

G20 Warned Of Growing Threat to Financial Stability Posed By New AI Models

The head of the G20’s Financial Stability Board wrote that potential disruptions triggered by AI wouldn’t stop at national borders

Andrew Bailey warns markets are not ready for the rise (or fall) of AI

The governor of the Bank of England and chair of the Financial Stability Board, Andrew Bailey, has warned that countries are unprepared for the consequences of advanced AI and that the wider economy remains vulnerable to a dramatic market correction triggered by a potential slump in AI and tech stocks. Ahead of a G20 meeting [...]

AI could cause global economic downturn, Bank of England governor tells G20

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…

CHOCHILINO Andrew Bailey warns G20 of danger AI poses to financial system %

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