New AI Risks Money Around the World

Andrew Bailey leads the Bank of England. He sees a new danger coming. Very smart AI could make the world's money systems unstable.

This kind of AI is called "frontier AI." It is powerful. But it can also open doors for cyber attacks. These attacks could harm banks and financial groups across the globe. This makes our money less secure.

Mr. Bailey says we must watch these new tools. If we do not, they could cause big problems for how money moves around the world. Keeping our money safe means understanding these new risks now.

Source: CNBC