AI could cause global economic downturn, Andrew Bailey warns G20
The governor of the Bank of England warned of AI's “volatility” caused by energy shocks from the US-Iran war.
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Notable Quotes
"The issue is not simply that investors are borrowing more, but that leverage is interacting with high valuations and market concentration, in particular the increasing cross-investment between artificial intelligence (AI) companies and hyper scalers, in a way that could amplify a future market correction."
— Andrew Bailey , Executive
"appropriate steps to support safe and responsible model release and deployment on a global basis."
— Andrew Bailey , Executive
Key People
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The governor of the Bank of England warned of AI's “volatility” caused by energy shocks from the US-Iran war.
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