As the use of artificial intelligence (AI) becomes more widespread, the Bank of England's financial policy committee has grown increasingly concerned about the systemic threats posed by the broader adoption of AI.
According to a report by The Guardian, the Bank is now officially investigating this matter, citing the dangers of "herding behavior" and the "system-wide financial stability risks" associated with AI. Collaborating with the Prudential Regulation Authority and the Financial Conduct Authority, the Bank will initiate a consultation paper this month to delve into AI's role in financial markets
