UK firms should take steps to limit risks from frontier AI models

British companies should take steps to plan for and mitigate risks from new artificial intelligence models, the country’s finance ministry, the ‌Bank ⁠of England ⁠and the Financial Conduct Authority regulator said on Friday.

“The cyber capabilities of current frontier AI models are already exceeding what a skilled practitioner could ⁠achieve, and ‌at a significantly higher speed, greater scale, and ⁠lower cost,” they said in a joint statement.