AIBBC Technologyabout 1 hour ago
Bank of England chief warns G20 on AI downturn risk
1 min read
Bank of England Governor Andrew Bailey warned G20 finance ministers that AI could trigger a global economic downturn and significant cyber security risks. He cited high stock valuations, investor borrowing, and market concentration amplifying a potential correction. Bailey urged global safeguards for safe AI model release and deployment.
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