Bank of England flags AI concentration and cyber risks at G20

BBC · 6 hours ago
Bank of England flags AI concentration and cyber risks at G20
  • Bailey said investor leverage, high valuations and capital concentration in major technology companies increase the risk that an AI-sector correction spreads through global markets.
  • He urged financial-security leaders to establish global measures for safe and responsible AI model release and deployment after AI tools demonstrated failures in security safeguards.
  • Bailey also cited energy-supply shocks from the US-Iran war as a source of market volatility.

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appropriate steps to support safe and responsible model release and deployment on a global basisAndrew Bailey

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