Associated Press
The Bank of England, which oversees financial stability in the U.K., said Wednesday that it will make an assessment next year about the risks posed by artificial intelligence and machine learning. In its half-yearly Financial Stability Review, the bank said it was getting advice about the potential implications stemming from the adoption of AI and machine learning in the financial services sector, which accounts for around 8% of the British economy and has deep-rooted global connections. The bank's Financial Policy Committee, which identifies and monitors risks, said it and other authorities would seek to ensure that the U.K. financial system is resilient to risks that may arise from widespread use of AI and machine learning.