Andrew Bailey cautions that markets may be overpricing future AI profits
Financial markets could face a bubble triggered by artificial intelligence, warned Andrew Bailey, Governor of the Bank of England (BoE). While AI has the potential to deliver major productivity gains, the current market enthusiasm may be outpacing economic fundamentals, according to Reuters and AP, cited by Agerpres.
“It’s entirely possible that AI will be the next big driver of productivity. Personally, I think it’s more likely that we won’t see a bubble — but it’s still early. At the same time, a bubble could form, as markets are pricing in uncertain future profits. These two things are not inconsistent,” Bailey said.
Read full article here: turnovernews.com
Photo: CNN
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