Bank of England Warns AI Could Destabilise Global Finance as NHS Scribes Err

The Bank of England's governor, Andrew Bailey, has sounded a stark alarm on AI's threat to financial stability. In a letter to G20 finance ministers ahead of their North Carolina meeting, Bailey warned that "frontier" AI models with "increasingly sophisticated autonomy" pose a systemic risk to the "highly interconnected" global financial system. He highlighted that many jurisdictions lack protocols to manage the deployment of these advanced models, creating a cross-border...