7 Jul, 12:19··

Bank of England Warns AI Crash Could Trigger Recession

The Bank of England has cautioned that a collapse in artificial intelligence investments could lead to a recession in the UK. Concerns center on a potential price correction in tech stocks, particularly AI-related companies, which could significantly impact the UK’s GDP. The Bank highlighted risks from high valuations, slower adoption rates, and uncertainty surrounding the long-term success of AI firms, alongside increased investment in semiconductors and AI-related stocks globally.

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