Senior international financial officials have warned the latest AI models from US tech companies could threaten the world banking system by exposing weaknesses in lenders’ cyber defence.
As finance ministers, central bankers and regulators met this week in Washington for the IMF and World Bank spring meetings, their discussions were dominated by concern over the latest AI model developed by San Francisco-based start-up Anthropic.
“It is a very serious challenge for all of us,” said Andrew Bailey, governor of the Bank of England, who chairs the Financial Stability Board of global regulators. “It reminds us how fast the AI world moves.”
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