The AI Shadow: A Threat Looms Over Global Finance The world's top finance ministers gathered at a recent G20 meeting, where Andrew Bailey, governor of the Bank of England, issued a stark warning.
Artificial intelligence, once seen as a driver of economic growth, now poses a significant systemic risk to global markets.
Bailey's concern centers on the AI sector itself, which has experienced rapid valuation growth in recent years. As this sector expands, so does its potential to destabilize the economy.