The threats of the frontier artificial intelligence age are proving just as potent as the commercial benefits. It’s a paradox that the financial sector is being forced to reckon with.Exhibit A was the Australian Prudential Regulation Authority’s Therese McCarthy Hockey this week warning there was no doubt that Australia was “entering a dangerous period in the AI revolution” and that “frontier AI presents a paradigm shift” because of the proliferation of malicious cyber threats, turbocharged by the advancement of more powerful AI models.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles