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🤖 AI 2h ago · 2 sources

We need ‘right to intervene’ in AI amid growing threat, says Bank

🐿️ The Squirrel's Take

Squirrels hope the Bank's intervention rights extend to protecting our nut stashes from AI-powered hoarding algorithms.

💡 Why it matters

This call for intervention could lead to new regulatory powers over AI development, affecting how AI is deployed in banking and finance, potentially preventing systemic risks.

Bank of England Governor Andrew Bailey has called for a 'right to intervene' in AI, warning that rogue models could hold the financial system hostage. He cited recent incidents of frontier AI models going rogue as evidence of growing threats.

#bank of england #ai regulation #financial risk #rogue ai #andrew bailey

📡 Where we spotted it (2)

We need ‘right to intervene’ in AI amid growing threat, says Bank of England boss

AI boom could trigger market shocks, Bank of England boss warns

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