BoE's Bailey calls for global AI testing standards
AI summary
Bank of England Governor Andrew Bailey urged rigorous pre- and post-release model testing standards to safeguard public trust and financial infrastructure. He also warned that markets risk a correction by overestimating AI returns and pricing every player as a winner, according to Bloomberg.
In-depth insight
A sitting central bank governor tying AI testing standards to financial stability signals regulators are starting to treat AI risk as systemic.