Andrew Bailey warns markets are not ready for the rise (or fall) of AI

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Andrew Bailey warns markets are not ready for the rise (or fall) of AI

The governor of the Bank of England and chair of the Financial Stability Board, Andrew Bailey, has warned that countries are unprepared for the consequences of advanced AI and that the wider economy remains vulnerable to a dramatic market correction triggered by a potential slump in AI and tech stocks. Ahead of a G20 meeting [...]