Politics · 2 hours ago

Bank of England warns AI sector collapse could trigger global economic downturn

Andrew Bailey, the Bank of England governor, cautioned G20 finance ministers that a global market correction might follow a collapse within the AI sector. He said high stock prices, increased borrowing, and money concentrated in a few tech firms could worsen any future downturn. Bailey, also chair of the Financial Stability Board, called for global steps to ensure safe AI development and deployment.

By BriefTea Editorial · 1 September 2026 at 12:40

Reported by BBC · How we write briefs

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