Andrew Bailey has said it is time to embrace artificial intelligence (AI) – insisting it is not ‘out of control’ like the homicidal computer in 2001: A Space Odyssey.
The governor of the Bank of England referenced Stanley Kubrick’s 1968 sci-fi classic as the Bank announced that in the light of the ‘rapid pace of innovation’ it will investigate the financial stability risks posed by AI next year.
There is a debate about the potential of AI, which is trained on mountains of data to produce human-like content, from poems to software code.
Probe: Andrew Bailey referenced Stanley Kubrick’s sci-fi classic Space Odyssey (pictured) as the Bank of England said will investigate the risks posed by AI next year
There are fears it could lead to job losses as machines replace workers – and even that an AI bot could break free of human control and wipe out humanity.
But Bailey played down the idea of the technology producing something like the murderous spaceship computer HAL in Kubrick’s film.
He said: ‘It’s not out of control in the sense of 2001: A Space Odyssey – it’s actually that the thing is so complicated that understanding exactly what the black box delivers can be very hard.’
