Bank of England Governor Bailey warns AI model Mythos may threaten financial stability According to a report by Golden Finance, on April 15th, Bank of England Governor Bailey stated on Tuesday local time that global regulatory agencies need to quickly assess the risks posed by the Anthropic artificial intelligence model Mythos. Bailey said that since the financial crisis, cyber attacks have rapidly risen in the risk ranking and warned that this is a threat that "will never disappear". "We all need to figure out this issue, but I think it illustrates the breadth of financial stability risks." The Bank of England will meet with the banking industry in the coming weeks to discuss the risks brought by advances in artificial intelligence, as it is concerned that the technology may expose significant vulnerabilities in banking technology security. Due to concerns that it may be used for cyber attacks, Anthropic is limiting the release of its latest AI model to only a few large tech companies. This will buy time for companies to strengthen their defenses in the face of potential threats. Bailey said, "The question is to what extent this new version of the product can identify vulnerabilities in other systems and be used for cyber attacks." Bailey also remains cautious about how the Bank of England will respond to the interest rate policy of the Iran shock. He called this conflict a 'major supply shock', but it is best to address it at the source rather than through monetary policy tools, and any persistent inflationary threat needs to be evaluated against the backdrop of weak UK economy. He said, "We also need to evaluate the second round of impact on inflation, and the key is to what extent this impact will be sustained