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European banking watchdogs ECB and ESRB warn

European banking watchdogs ECB and ESRB warn that frontier AI models pose "systemic risks to the financial system", giving lenders four months to prepare

European banking watchdogs ECB and ESRB warn that frontier AI models pose “systemic risks to the financial system”, giving lenders four months to prepare — IT weaknesses could be exploited by frontier models in a ‘matter of minutes or hours’, say ECB and ESRB

Source: Financial Times · Opens in new tab