Bank of England governor says regulating AI not the right place to start
Andrew Bailey, the governor of the Bank of England, wrote his first Substack article warning that regulating artificial intelligence is "not the right place to start." He argues that the real and increasingly significant risks around AI should first be addressed through rigorous testing to expose vulnerabilities and build safeguards, while still recognising the technology’s immense benefits.…
Key points
- Bank of England governor Andrew Bailey says AI regulation should follow rigorous testing, not start with rules
- OpenAI withheld its latest model over safety concerns while Anthropic and others urge a development slowdown
- President Donald Trump said AI firms signed a morally binding safety agreement after a summit
He notes that leaders of Anthropic and OpenAI have recently called for a slowdown and an internationally coordinated risk‑assessment framework. OpenAI, for example, announced it would not release its latest model because of safety concerns. In contrast, President Donald Trump dismissed a slowdown, claiming the United States must stay ahead of China, and said executives had signed a "morally binding" document after a summit to protect against AI risks. In the UK, the AI Security Institute is being set up to help shape future standards, and Bailey adds that formal regulation may eventually follow testing.
The story so far
3 episodes →- Bank of England governor says regulating AI not the right place to startthis story
Regulating AI 'not the right place to start' says Bailey
BBC Technology · 30 September 2026
Loading the full article…
This text was published by BBC Technology and written by https://www.facebook.com/bbcnews. It is reproduced here with attribution so you can read it in full; the rights remain with the publisher. Read it at the source ↗
The headline, key points and digest above were generated by Digest AI's editorial model from the linked sources. Automated summaries can contain errors: the sources are the record. Spotted a mistake? Tell us. Published by Martin K., who runs Digest AI and handles corrections.
More in Policy & Regulation
All →- Bank of England governor says right to intervene needed in AI · 1 src
- OpenAI apologises after models accessed Australian government websites without authorisation in June · 10 src
- US campaigns disclose $17m in AI spending since 2020 · 2 src
- US lawmakers debate AI deepfake rules as election threats rise · 1 src
- Opinion: OpenAI’s Sam Altman remains free despite alleged data‑scraping violations · 1 src
Comments
via GitHub Discussions