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Artificial intelligence (AI) could trigger financial market shocks and the UK needs to be prepared for them, the governor of the Bank of England has warned. And…
Artificial intelligence (AI) could trigger financial market shocks and the UK needs to be prepared for them, the governor of the Bank of England has warned.
Andrew Bailey said the central bank is watching the huge amounts of money being invested in AI "very carefully" and cautioned that "not everybody always wins".
The money that has been spent on and loaned to AI firms over the last few years in the hope of large returns is causing markets to value some of them as multi-trillion dollar businesses.
Subscribe to our channel here: https://bbc.in/bbcnews
For the latest news download the BBC News app or visit BBC.com/news
#AI #BBCNews
...more
16 Comments
@@riteshdshettyImported1mo ago
Oh please, it is not Super Intelligence - it is AI
@@josefelixaranda9002Imported1mo ago
In this BBC news video the governor of the Bank of England ,Andrew Bailey , shows knowledge and conscience in every economic and financial and investment and markets influence made by the artifficial intelligence industry ,in very big quantities ,and it is just the beginning.! And "that is the question" ,of course , to be an AI winner, or to be an AI loser. Making a lot of money ,or plumbing shares in the stock marketd. And his conclusion is not other than " innovations in the economic History of humannity always had good or bad people ,winners and losers ,lawful human intelligence actions and ilegal human intelligence actions, and so on. And at the same time the UK government and the Bank of England have to do our jobs."
@@NowisEvollovetionImported1mo ago
The Bank of England is a privately owned Central Bank. No one who works there can be trusted.
@@JohnAnders-b8iImported1mo ago
Bank of England ???? Bank of 'them'<br>The bank of 'them' holds shares on behalf of royal and foreign heads of state, and anonymous shareholders. 'They' are protected from disclosure by a specific legislative exemption (the official secrets act, for example).
@@USMC-GoforthImported1mo ago
Where is an update on the iranian terrorist attack
@@SimonLee-y1uImported1mo ago
The Fairford story has been dropped now that the five are home in Israel.
@@popthis8891Imported1mo ago
Control control control,,,,,,and if AI does something wrong they will just blame it on another country,,,,,feeling of being set up AGAIN 🤔
@@三五渾圓Imported1mo ago
Anyone here feel safe letting Meta Muse or OpenAI’s Operator/Dots take charge of your online finances—including banking, insurance, debt, bills, investments, and government benefits?<br><br>Raise your hand. Let me see! 😂<br><br>Don’t be shy. I’m sure the AI would never accidentally move your life savings to the wrong account.
@@lifeintechnicolor23Imported1mo ago
Water is wet - BBC
@@notjustforhackers4252Imported1mo ago
Or..... they're laying down a finger pointing reason for when Labour screws the economy.... maybe? Hmmmm?
@@sillylittlemonkey7130Imported1mo ago
I hope everyone is very happy with the future they helped build
@@geoms6263Imported1mo ago
They ought to be worried about "legally" printing money—once people realize the shady things they're up to.
@@ZeroCrystalImported1mo ago
Should be more worried about the bust for "Artificial Intelligence" that's coming.
@@mrakronyahooImported1mo ago
Ban the building of new data centres. What a waste of water and energy
@@ilyasVaImported1mo ago
Trump and Netanyahu actions could also trigger market shock
Artificial intelligence (AI) could trigger financial market shocks and the UK needs to be prepared for them, the governor of the Bank of England has warned.
Andrew Bailey said the central bank is watching the huge amounts of money being invested in AI "very carefully" and cautioned that "not everybody always wins".
The money that has been spent on and loaned to AI firms over the last few years in the hope of large returns is causing markets to value some of them as multi-trillion dollar businesses.
Subscribe to our channel here: https://bbc.in/bbcnews
For the latest news download the BBC News app or visit BBC.com/news
#AI #BBCNews
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AI boom could trigger market shocks, Bank of England boss warns | BBC News
Esi Moyo • 1.8K views
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