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The UK AI Security Institute's inaugural Frontier AI Trends Report synthesises two years of evaluations of more than 30 frontier AI systems since November 2023, spanning agent capabilities, chem-bio and cyber capabilities, safeguard effectiveness, loss-of-control risk, and societal impacts. Its societal-impacts chapter combines a census-representative survey of 2,028 UK adults on emotional use of AI with observational analysis of AI companion user communities during service outages. The safeguards chapter reports that universal jailbreaks were discovered for every system tested, while noting the expert effort required is rising for some models.