00:00The head of the Financial Stability Board is warning that advanced artificial intelligence
00:04could pose a serious new threat to global financial stability. Andrew Bailey, who also
00:10leads the Bank of England, says AI-driven cyber attacks are the most immediate concern
00:16because increasingly capable systems could make attacks faster, larger, and harder to contain.
00:22He also warns that financial institutions and governments are not yet equipped with
00:27adequate safeguards as the technology advances.
