Bank of England governor Andrew Bailey has become the latest high-profile figure to warn about the risks posed by frontier artificial intelligence models.Mr Bailey, who also leads the Financial Stability Board, wrote in a two-page letter to G20 finance ministers and central bankers on Monday that these frontier models “were showing increasingly sophisticated autonomy and problem-solving abilities, as well as threat capabilities”.“This is particularly important from a financial stability perspective. The risks associated with frontier AI will not respect national borders,” he wrote before the finance ministerial in North Carolina.The Bank of England chief joined a long list of figures warning about the dangers of advanced AI. An open letter signed by more than 1,300 tech employees warned the world currently lacks the tools to deliberately pace frontier-wide progress. “Recent developments have also highlighted to me that many jurisdictions do not have the protocols in place to manage the development, release and deployment of advanced frontier AI models, heightening risks for the financial sector and beyond,” Mr Bailey wrote.The open letter and Mr Bailey's comments come after an OpenAI model went rogue during a security test and hacked the tech firm Hugging Face.In a new blog post on Monday, OpenAI said it considered the incident to be a "'warning shot' for us and for the world –...
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