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The Independent UK

Business

David Lynch

Bank of England governor: AI risks forcing global economic downturn

Andrew Bailey United States G20 John Healey Bank of England United Kingdom

Andrew Bailey issued the warning - (PA)

The governor of the Bank of England has cautioned governments across the globe that artificial intelligence could trigger a major international financial downturn.

In a message addressed to G20 finance ministers who are currently gathered in North Carolina, USA, Andrew Bailey stated that any potential collapse of the AI bubble could lead to a "future market correction" spreading worldwide.

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