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Bank of England sounds alarm over AI bubble (www.telegraph.co.uk)

submitted 1 week ago by vane@lemmy.world to c/fuck_ai@lemmy.world

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The Bank of England has warned that a bubble in artificial intelligence (AI) stocks threatens to spark a major market correction, posing a “material” danger to Britain’s economy.

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[-] homesweethomeMrL@lemmy.world 18 points 1 week ago

Ms Georgieva warned that overall debt levels were also spiralling out of control and were projected to exceed the total size of the global economy by the end of the decade.

This “sobering reality” would make it harder for governments to pay down debt and limit their ability to spend on vital public services, the IMF chief warned.

[-] HK65@sopuli.xyz 12 points 1 week ago

I guess now we get to the logical conclusion of the system, less hospitals, less schools, more yachts, more pedo islands.

this post was submitted on 08 Oct 2025

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