Bank of England governor Andrew Bailey has warned that the boom in artificial intelligence investment could contribute to shocks in financial markets.
Bailey said the central bank was watching the substantial sums being invested in AI “very carefully”. His comments highlight concern about the potential financial consequences of the rapid expansion of the sector.
The warning focuses on the scale of money flowing into artificial intelligence and the possibility that enthusiasm for the technology could affect market stability. No specific market event or investment firm was identified in the supplied material.
The Bank of England’s monitoring indicates that developments in AI investment are being treated as a potential source of financial risk. Bailey did not provide further details of any measures being considered or set out a timetable for possible action.
