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International Business Times UK

Technology

Callum Conway-Shaw

Bank of England To Assess Risks AI Poses To UK Financial Stability

United Kingdom Andrew Bailey Bank of England FPC

The FPC said that although there had been some improvements in market conditions, the Israel-Hamas conflict had increased geopolitical risks. (Credit: HENRY NICHOLLS/Reuters)

The Bank of England (BoE) says it will make an assessment next year about the risks posed by artificial intelligence (AI) and machine learning (ML).

In its bi-annual Financial Stability Review, the bank announced it would launch a fresh review into the impact of AI, amid fears the rapidly developing sector could pose serious risks to the UK's financial stability.

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