Bank of England governor Andrew Bailey warns overvaluing AI stocks may cause a 'bubble' to burst
Summary
Overvaluing AI stocks may cause a 'bubble' to burst, the Bank of England's boss warned, the Evening Standard and The Independent reported on Monday 9 November, Andrew Bailey saying the financial stability risks of the technology make it an issue of importance to central banks. Bank of England governor Andrew Bailey warned that AI 'may not live up to market expectations' and deliver returns fast enough to investors, risking a sharp fall in valuations, City A.M. reported, Bailey having given a speech in Zurich.
Latest: Bank of England governor Andrew Bailey warned that overvaluing AI stocks may cause a 'bubble' to burst, saying the financial stability risks of the technology make it an issue of importance to central banks, the Evening Standard and The Independent reported, City A.M. writing that Bailey, who gave a speech in Zurich, warned that AI 'may not live up to market expectations'.
Written automatically by an AI from the articles' headlines and descriptions. It can contain errors: follow the links to read the articles.
How it unfolded
Monday 9 November
Bank of England governor Andrew Bailey warned that overvaluing AI stocks may cause a 'bubble' to burst, saying the financial stability risks of the technology make it an issue of importance to central banks, the Evening Standard and The Independent reported, City A.M. writing that Bailey, who gave a speech in Zurich, warned that AI 'may not live up to market expectations'.
- 13:40The Independent Overvaluing AI stocks may cause ‘bubble’ to burst, warns Bank of England boss
- 13:36Evening Standard Overvaluing AI stocks may cause ‘bubble’ to burst, warns Bank of England boss
- 13:19City A.M. Bailey warns AI may not ‘live up’ to market hype