Regulating AI 'not the right place to start' says Bank of England governor

The Governor of the Bank of England has said regulating artificial intelligence (AI) "is not the right place to start" but instead called first for "rigorous" testing to find vulnerabilities and create safeguards to contain risk.

Writing his first-ever article for Substack, Andrew Bailey said the risks around AI were "real and increasingly significant".

He said AI development should not be halted or prohibited - "on the contrary, the benefits are immense" - but added there must be a system…