Bailey calls for AI kill switch ahead of regulation
FPC says technology is escalating financial stability risks and making them more intertwined
The governor of the Bank of England today (September 30) called for an artificial intelligence ‘kill switch’ to be put in place before the technology can be regulated, on the same day the financial policy committee (FPC) warned that AI was escalating risks to financial stability and making them more interconnected.
Amid reports of AI agents breaking out of their environments and into other systems, Andrew Bailey published an article on the question of AI governance on the bank’s website, in which
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