Bank of England governor warns AI may need to be rationed because of energy limits

Bank of England Governor Andrew Bailey warned that AI may need to be rationed due to energy limits. He said power grids may not handle AI's growing capabilities, forcing trade-offs between sectors. Bailey highlighted the dilemma of prioritizing healthcare or defense advancements. The EU and US are addressing AI's energy demands with infrastructure investments. Every megawatt for AI is a megawatt less for housing or manufacturing.