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Comment by Financial Policy Committee

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Statutory Bank of England committee that identifies, monitors, and acts to reduce systemic risks to UK financial stability.
Because they can also be run more cheaply than proprietary models, the point at which open-weight models become dangerous and practical to use may arrive before they fully catch up with frontier models.
AI Unverifiable (Jul 15, 2026)
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Financial Policy Committee, Financial Stability Report – July 2026, Bank of England, July 15, 2026, p. 39.
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Open-source AI is more dangerous than closed-source AI
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