General · 2 hours ago
Bank of England says massive AI and government borrowing risks financial crisis
The financial costs stemming from the war in Iran are adding to an increasingly unstable global economy. On Wednesday, the Bank of England highlighted its specific worries about the massive amounts of money being borrowed by artificial intelligence companies. The UK's central bank warned that when combined with heavy government spending, these debts could ultimately cause a major economic crash.
Reported by The Telegraph · How we write briefs