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

Andrew Bailey’s comments come as fears grow that rogue models could take financial system hostageBusiness live – latest updatesThe governor of the Bank of England has called for the “right to intervene” in the AI industry amid growing fears that rogue models could take the financial system hostage.Andrew Bailey said the risks posed by frontier AI models – a number of which have gone rogue in recent months – were “real and increasingly significant”. Meanwhile, it was becoming harder for the public to have proper oversight of powerful AI models that were “functioning within a self-reinforcing loop”. Continue reading...