UK firms should take steps to limit risks from frontier AI models, UK says

LONDON, May 15 (Reuters) - ​British companies ⁠should take steps ​to plan for and mitigate risks ​from ‌new artificial intelligence models, the country's ⁠finance ministry, the Bank ⁠of England and the ​Financial Conduct Authority regulator said on Friday.

"The cyber capabilities of current frontier ​AI ‌models are already exceeding what a skilled practitioner could achieve, and at a significantly higher ​speed, greater scale, and lower cost," they ‌said in a joint statement.

"These capabilities, if used ‌maliciously, amplify cyber threats to firms' safety and soundness, customers, market integrity, and ​financial stability."

Last month BoE governor Andrew ‌Bailey said he saw major cybersecurity risks from Anthropic's Mythos product.

Mythos has ⁠drawn ⁠warnings from cyber ‌experts about its potential to supercharge complex cyberattacks ​which ​could challenge the banking industry ‌and its existing technology.