Bank of England warns of 'sharp correction' for markets if AI bubble bursts

Government

The Bank of England sees trouble ahead for global financial markets if investors U-turn on the prospects for artificial intelligence (AI) ahead. The Bank 's Financial Policy Committee said in its latest update on the state of the financial system that there was also a risk of a market correction through intensifying worries about US central bank independence. "The risk of a sharp market correction has increased," it warned, while adding that the risk of "spillovers" to these shores from such a

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