Bank of England Governor warns that advanced AI could destabilize the highly interconnected global financial system via cyber disruption across jurisdictions (Simon Goodley/The Guardian)

Andrew Bailey, the Bank of England Governor, has issued a warning regarding the potential for advanced AI, specifically 'frontier models,' to destabilize the global financial system. He highlighted the risk of cyber disruption across various jurisdictions, emphasizing the highly interconnected nature of the financial system. This concern was raised in a discussion about the implications of advanced AI on financial stability.