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AI News from ET - Bank of England sees growing risks to financial stability from AI

Vishwadeep Khatri
in AI News & Two Lenses

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The Bank of England identifies artificial intelligence as a growing threat to financial stability. Investors are heavily betting on AI's success, increasing banks' cyberattack vulnerability. Previous risks like high debt and credit lending persist alongside new AI dangers. The central bank proposes measures to ease capital requirements for banks after a crisis. Britain's banking system remains resilient, but AI's future impact requires careful monitoring.

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