Breeden Warns of Time Running Out to Stop AI-Induced Market Meltdown

Bank of England Deputy Governor Sarah Breeden has sounded the alarm on the risks of autonomous artificial intelligence agents causing market meltdowns. According to her, financial regulators are running out of time to tackle this issue.

In a recent statement, Breeden highlighted that the UK central bank is exploring the possibility of implementing kill switches to prevent AI-induced chaos in financial markets. However, she emphasized that officials still don't know how such a mechanism could operate.