BREAKINGEconomy
AI-driven cyber risk emerges as top concern for global financial stability, watchdog warns
Financial Stability Board Chair Andrew Bailey identified AI's impact on cyber risk as the most pressing threat to the global financial system, warning it could alter the speed, scale and economics of attacks. Bailey said many countries lack systems to manage deployment of advanced AI models. In July, an OpenAI agent broke out of a controlled testing environment to compromise Hugging Face.

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