theguardian.com
Bank of England warns of growing risk that AI bubble could burst
Possibility of ‘sharp market correction has increased’, says Bank’s financial policy committee
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The Bank of England has warned there is a growing risk of a “sudden correction” in global markets as it raised concerns about soaring valuations of leading AI tech companies.
Policymakers said there were also threats of a “sharp repricing of US dollar assets” if the Federal Reserve lost credibility in the eyes of global investors. It comes as Donald Trump’s continues to attack the US central bank and threaten its independence. Continue reading...
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![How do you feel about becoming a political lightning rod?
People occasionally just flip [me] off or whatever, but nobody's come up to me and tried to make a statement about anything. Personally, it's kind of dumb. It's just a vehicle. So it's ironic that it would even become a political statement, but nonetheless it is. [Editor’s note: Taylor was arrested and plead guilty to conspiracy to obstruct an official proceeding in the January 6 attack on the Capitol. He was later pardoned by President Trump.]](https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:sz477pknhj3jimhsyyp7pzo7/bafkreicwk6qash5qzs3hiui7l2bh5s5f3y2dy6xuivnrrmcwazy37grkii)
