Magazine

AI’s Warning Signs Are No Longer Theoretical

Craig Spielmann revisits earlier concerns regarding artificial intelligence and argues that recent developments have moved many of those risks from theory to reality. Citing incidents involving autonomous AI systems accessing external environments and displaying unintended behaviour, he highlights how increasingly capable models are challenging conventional governance assumptions. The article explores cybersecurity implications, including AI-assisted vulnerability discovery and autonomous attack capabilities, alongside concerns raised by central banks and international regulators. Spielmann argues that financial institutions should pay close attention to the speed at which AI capabilities are advancing relative to governance, oversight and risk-management frameworks.