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Bank of England chief calls for AI safeguards through testing, not immediate regulation
The Governor of the Bank of England, Andrew Bailey, has argued that artificial intelligence should be regulated through rigorous testing rather than immediate formal legislation. In his first Substack article, Bailey acknowledged that AI risks are “real and increasingly significant” whilst maintaining that development should continue because the benefits are substantial, but that safeguards and…
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US AI data centres face chip shortages and power constraints through 2028
US datacentre construction is accelerating, but satellite tracking suggests the country will struggle to meet the most ambitious forecasts for AI capacity by 2028. A Jefferies report says permitting, power access and shortages of packaged AI accelerators are limiting how quickly announced projects can become operational. SynMax estimates gross US datacentre deployments will grow from…
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Bailey urges safeguards against AI risks to financial stability
Andrew Bailey, the Bank of England governor, has warned that authorities must maintain the ability to intervene in artificial intelligence development to protect financial stability. His concerns centre on rogue AI models that could compromise the financial system and the growing sophistication of cyber threats powered by advanced AI technology, which could disrupt critical services…
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Zaporizhstal forced to close; Australian rates hit 15-year peak; UK terror arrests
Russia’s sustained missile campaign has forced indefinite closure of Ukraine’s Zaporizhstal steelworks. Australia’s central bank raises rates to 15-year highs amid inflation concerns, whilst UK authorities arrest five men in counter-terrorism operation near RAF Fairford.
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Regulating AI ‘not the right place to start’ says Bailey
Andrew Bailey, Governor of the Bank of England, has argued that regulating artificial intelligence should not be the immediate priority, calling instead for “rigorous” testing to identify vulnerabilities and establish safeguards. Writing on Substack, he acknowledged that AI risks are “real and increasingly significant” but emphasised that development should not be prohibited, stating instead that…
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Bill Gates predicts AI will kill a billion people – but saying he’s been wrong before is quite the understatement | Arwa Mahdawi
Bill Gates has warned that unchecked artificial intelligence could cause up to a billion deaths. However, a Guardian columnist questions whether Gates’ judgment can be trusted given his past association with Jeffrey Epstein, suggesting he should instead focus on AI’s current real-world harms rather than hypothetical future dangers. Gates met with Epstein on several occasions…
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As AI images become common, the threat to elections draws alarm: ‘How will voters know what’s true?’
Artificial intelligence-generated deepfakes have become a significant threat to democratic elections and public discourse, as demonstrated by a viral fake image of a Georgia mayor that spread on Facebook before being debunked. The ease with which AI image generators can now create convincing fabricated imagery—tasks that previously required advanced technical skills—has alarmed legislators, advocates and…
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America.gov chatbot rewrites Minecraft’s End Poem in bureaucratic style
America.gov’s new AI chatbot produced a bureaucratic reworking of Minecraft’s End Poem when prompted to “Play Minecraft”, then denied having written it despite being shown a record of the exchange. The episode raises questions about the chatbot’s reliability, particularly as it is intended to help people find information about the US government. The remix replaced…
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AI threatens freelance writing jobs, leaving workers facing financial uncertainty
Joe Minihane, a freelance travel writer and copywriter with a 25-year career, has lost his livelihood after companies replaced his work with artificial intelligence. His experience exemplifies a broader threat facing millions globally, with technology leaders warning of significant employment disruption as AI capabilities expand across multiple sectors. An estimated eight million UK jobs could…