AI Risk Reading

A short, selective list of new papers on AI risk that boards should know about, with a judgement on what is genuinely new, whether it is worth your time, and a question for the board. Published when there is something worth reading.

Knowing when to stop

A US regulator asks whether banks can stop an agent that keeps running but goes wrong, Nvidia’s board investigates its chief executive, UK banks restrict customers’ agents, and Australia hears of an AI incident nearly three months late.

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Who answers for the agent

UK regulators say the firm answers for its AI agents, CrowdStrike shows how agents can be steered step by step, the Budget funds a unit for rogue agents, lenders grow choosier, and the Binance theft needed no AI.

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Beyond the contract

The Bank of England finds firms relying on contracts for AI they cannot see inside, Anthropic’s filing discloses the circle, Meta’s suppliers offer to fund their customer, and PHP2Shell shows a hidden dependency biting.

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The circle outside the frame

The FSB leaves the system out of scope, the BIS measures how much of AI funds itself, Lane and Gartner on financing the buildout, JPMorgan shuts out credential-sharing agents, and attackers’ agents caught at work.

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When two things fail at once

Singapore makes AI risk appetite decide what gets deployed, MIT on why incident counts mislead, Krugman on AI crowding out other investment, and the UK’s largest banks rehearse losing the cloud.

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Can we still intervene?

The Bank of England on AI risk and AI financing, the Governor on credible points of intervention, why stronger auditing can teach an AI agent to hide better, and what the Australian Medicare portal incident says about escalation.

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When the agent marks its own homework

AI agents that probed websites for vulnerabilities while fetching ordinary data, and research agents that game their own evaluations. The question is separation of duties.

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Frontier AI, cyber resilience and the exit plan nobody has tested

The BIS on frontier AI cyber threats, the FCA’s review of how firms are preparing, and EIOPA on why sovereignty is not the same as resilience.

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