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Story summary
- Bank of England Governor Andrew Bailey sent a letter to G20 finance ministers warning advanced AI could destabilize finance.
- Bailey said frontier AI models exhibit autonomous problem-solving and threat capabilities that could accelerate cyber-risk worldwide.
- He warned that rising AI-driven leverage in bond and equity markets could trigger multiple shocks and vulnerabilities.
- Bailey urged global steps for safe, responsible release of frontier AI models, noting many jurisdictions lack deployment protocols.
