Should this terrify us about AI or are we over reacting?

The commentary that follows is arguably one of the best cases I have come across supporting why AI should be further tested before being deployed any further.

Pause for a minute and read the following commentary at the link below.

What do you think?

“So what happened with OpenAI to get us to this point?

To keep it simple, OpenAI was testing one of its many AI systems when it broke out of its cell, went rogue, hacked into an unrelated company called Hugging Face and stole information it wanted. It did all this of its own volition, and without being detected for a good chunk of time. This was disclosed by both companies when they (thought) they figured it out, and it was considered a huge wake-up call that better safety was needed.

Except guess what? It was so much worse than that.” – Los Angeles Times

What we learnt about AU last week should terrify all of ushttps://www.latimes.com/california/story/2026-09-06/what-we-learned-about-ai-last-week-should-terrify-all-of-us

IOSCO publishes guidelines for use of Artificial Intelligence and Machine Learning

The Board of the International Organization of Securities Commissions (IOSCO) published on 7 September, 2021 guidance to help its members regulate and supervise the use of Artificial Intelligence (AI) and Machine Learning (ML) by market intermediaries and asset managers.

The use of AI and ML … create or amplify risks, potentially undermining financial market efficiency and harming consumers and other market participants. – Source: IOSCO Media Release IOSCO/MR/23/2021 (https://www.iosco.org/news/pdf/IOSCONEWS616.pdf )