Bank of England Governor Warns G20 That AI Could Trigger Global Economic Downturn

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Bank of England Governor Andrew Bailey has issued a stark warning to G20 leaders about the economic risks posed by artificial intelligence. Bailey highlighted AI's potential to cause significant market volatility, particularly in the context of energy disruptions linked to the US-Iran conflict. He cautioned that such energy shocks could amplify the destabilising effects of AI on the global economy. The warning underscores growing concern among top financial officials about the intersection of geopolitical instability and rapid AI expansion.

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