‘Contagion risk’: Bank of England governor warns AI could spark global economic downturn

Andrew Bailey has warned of a severe downturn in global stock markets if the AI bubble bursts.

Andrew Bailey has warned of a severe downturn in global stock markets if the AI bubble bursts.

The governor of the Bank of England warned of AI's “volatility” caused by energy shocks from the US-Iran war.

Artificial intelligence could cause a worldwide economic downturn, the governor of the Bank of England has warned.

David Lynch, Press Association Political Correspondent Artificial intelligence could unleash a global economic downturn, the governor of the Bank of England has warned in a letter to governments from around the world. Andrew Bailey said that a “future market correction” could spread across the world if the AI bubble bu

Bank of England Governor Andrew Bailey has warned that frontier AI could materially increase cyber risks to the global financial system.

Andrew Bailey delivered a stark message about the consequences of a 'future market correction' in a letter to powerful finance ministers.

Andrew Bailey, in role as financial stability watchdog chief, warns advanced models risk destabilising system The Bank of England’s governor, Andrew Bailey, has joined the throng of figures warning about the global risks posed by the most advanced artificial intelligence technology. In a two-page letter sent to interna

Warning comes as Chancellor John Healey announced a £100 million fund aimed at backing British AI start-ups

Andrew Bailey said that a ‘future market correction’ could spread across the world if the AI bubble bursts, in a letter to G20 finance ministers.

Andrew Bailey said that a ‘future market correction’ could spread across the world if the AI bubble bursts, in a letter to G20 finance ministers.

Head of world’s financial stability watchdog urges countries to take steps to control the release of new frontier models

Coral reefs make up just 1 percent of ocean coverage, but host a quarter of all life in the sea.