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TechRadar

Ellen Jennings-Trace

Alarms bells ring as Bank of England warns of ‘sharp market correction’ when AI bubble bursts

Bank of England TechRadar United States

A person holding out their hand with a digital AI symbol.

Many tech leaders agree there is an AI bubble
If this bursts, devastating affects could ripple through the economy
The Bank of England is the latest to warn of the risks

Mutterings continue to swirl about "an AI bubble" - Jeff Bezos has admitted it, Sam Altman has admitted it, and now, financial institutions are beginning to sound the alarm over the potential catastrophic crash the economy faces if the bubble bursts.

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