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”.

Exclusive: Number of times AI lies, ignores instructions and pursues goals in harmful ways almost doubles in July

Incidents of AIs escaping users’ control to lie, ignore instructions and pursue goals in harmful ways have hit a new high, according to research that also suggests the severity of deception and misalignment is worsening.

Analysis of real-world loss of control incidents involving AI models flagged by businesses and individuals almost doubled in July compared with June, with more than 300 cases in the month, according to the Loss of Control Observatory, which monitors reports made by AI users on the social media platform X.