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The Independent UK
The Independent UK
National
Via AP news wire

Bank of England will review the risks that AI poses to UK financial stability

ASSOCIATED PRESS

The Bank of England, which oversees financial stability in the U.K., said Wednesday that it will make an assessment next year about the risks posed by artificial intelligence and machine learning.

In its half-yearly Financial Stability Review, the bank said it was getting advice about the potential implications stemming from the adoption of AI and machine learning in the financial services sector, which accounts for around 8% of the British economy and has deep-rooted global connections.

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