Bank of England (BoE) warns that artificial intelligence (AI) could trigger financial market shocks and the UK needs to be prepared for them.

BoE's Governor said that the AI investment boom carries the risk of sparking wider financial market shocks if corporate earnings expectations or productivity gains fall short, Bank of England Governor Andrew Bailey warned.

Speaking on systemic financial risks, Bailey noted that massive capital inflows into AI have pushed asset prices sharply higher, increasingly........

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