Andrew Bailey, in role as financial stability watchdog chief, warns advanced models risk destabilising system

The Bank of England’s governor, Andrew Bailey, has joined the throng of figures warning about the global risks posed by the most advanced artificial intelligence technology.

In a two-page letter sent to international finance ministers and central bank governors as part of his role as chair of the international Financial Stability Board (FSB), Bailey said “frontier” AI models were “showing increasingly sophisticated autonomy and problem-solving abilities, as well as threat capabilities”.

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© Photograph: Richard Drew/AP

© Photograph: Richard Drew/AP

© Photograph: Richard Drew/AP

A hacker pretending to work for a leading cryptocurrency news website targeted several cybersecurity professionals using Google Docs as a way to deliver malware.