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Euronews

Eleonora Vasques

New AI models pose growing threat to the global economy, Bailey warns

Economy Andrew Bailey Bank of England United States Cybersecurity FSB G20

Emerging AI models pose a growing threat to financial stability and economic growth, Financial Stability Board (FSB) Chair and Governor of the Bank of England Andrew Bailey has warned.

The letter was sent on 28 August to G20 finance ministers and central bankers ahead of their meeting on Monday and Tuesday in Asheville, North Carolina, US.

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