Bank of England: Risks posed by artificial intelligence to financial stability are increasing

A half-yearly report from the Bank of England points out that the AI boom, while pushing up the stock prices and borrowing of related companies, has also significantly amplified the cyber risks of the financial system. The report warns that the market's overly optimistic bets on and leverage of AI may amplify future volatility, and the AI technology itself also makes banks more vulnerable to attacks. Regulators are paying attention to the new challenges brought by AI autonomous systems.