Bank of England sees growing risks to financial stability from AI

The Bank of England said on Tuesday that artificial intelligence poses a growing threat to financial stability, as investors bet heavily it will prove a success while the technology increases banks’ vulnerability to cyberattacks.

In a half-yearly assessment of risks to Britain’s financial system, the central bank said previous risks it had identified from stretched share price valuations, high public debt and risky private ‌credit lending ⁠to businesses ⁠had not gone away.