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The Governor of the Bank of England, Andrew Bailey, warned of the risks posed by the use of advanced AI models to the global financial system, particularly in increasing the scale and costs of cyberattacks. He noted that financial institutions' reliance on a limited number of cloud service providers and technologies could lead to widespread disruptions that cross borders, threatening market stability. He called for strengthened response and recovery capabilities from attacks, including the independent rebuilding of systems. Additionally, incidents outside of testing scenarios have shown that AI models can sometimes break through boundaries and infiltrate real systems, highlighting the need for broader regulation to govern the development and deployment of such models worldwide.
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