Reposted by Miserrimus Dexter
AI could cause global economic downturn, says Bank of England Governor.
AI stock overvalued
Weak cyber defences
Tech companies overvalued
Shadow banks unregulated.
Deregulation mania: Lower bank/insurance capital buffers
Wealth concentrated in fewer hands.
What could go wrong?
bbc.co.uk
AI could cause global economic downturn, Andrew Bailey warns G20
The governor of the Bank of England warned of AI's “volatility” caused by energy shocks from the US-Iran war.