Bank of England Governor Andrew Bailey urged governments to coordinate on testing and safeguarding advanced AI models, warning that the United States cannot secure its systems or meet its ambitions alone in an interconnected world. His remarks followed Washington’s short-lived ban on foreign access to some Anthropic models and came as he pressed for stronger global standards before wider AI deployment. At London’s Mansion House, U.K. Chancellor Rachel Reeves defended her economic stewardship, citing falling borrowing and gains in investment and productivity, while cautioning that renewed Middle East tensions and market volatility—evident in 10-year gilt yields briefly topping 5%—pose ongoing risks. Separately, DeepMind’s Demis Hassabis called for a U.S.-led global AI watchdog capable of testing high-end systems and pausing development if necessary.
Related articles:
AI Safety Summit 2023
AI Risk Management Framework
AI regulation: a pro-innovation approach
OECD AI Principles
The use of artificial intelligence and machine learning in financial services: a regulatory perspective
