AI Market Bubble Warning: Bank of England's Caution

Bank of England Governor Andrew Bailey warns of potential AI-induced market bubble, highlighting risks of overvaluing future returns from AI technology. Central banks monetary policy report indicates stretched equity valuations, particularly for AI-focused tech companies. Officials suggest market correction could ease inflationary pressures, but also warn of potential tightening of financial conditions and spillover effects on the UK economy.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.