Bank of England Warns of Risks in Soaring AI Valuations
The Bank of England has raised alarms about the potential risks associated with the soaring valuations of AI technology companies, likening the situation to the late-1990s dotcom bubble. Concerns are growing that excessive exuberance in multibillion-dollar deals, particularly involving firms like OpenAI, could lead to a significant market correction, impacting both the tech industry and the broader economy.
Bank of England Warns of Risks in Soaring AI Valuations
The Bank of England has raised alarms about the potential risks associated with the soaring valuations of AI technology companies, likening the situation to the late-1990s dotcom bubble. Concerns are growing that excessive exuberance in multibillion-dollar deals, particularly involving firms like OpenAI, could lead to a significant market correction, impacting both the tech industry and the broader economy.
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