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Bank of England governor calls for 'right to intervene' in AI

Original: We need ‘right to intervene’ in AI amid growing threat, says Bank of England boss

The Governor of the Bank of England has called for regulators to be given a 'right to intervene' in artificial intelligence, warning of a growing threat to financial stability and society. He argued that authorities need powers to step in quickly as AI adoption accelerates across the banking sector and the wider economy.

Why now: Concerns about AI risks and the pace of its adoption in finance are prompting senior policymakers to demand stronger regulatory powers.

Bank of England

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