Financial Stability: AI Bubble Risk and Capital Shift скачать в хорошем качестве

Financial Stability: AI Bubble Risk and Capital Shift

The Bank of England has issued a significant warning regarding a potential Artificial Intelligence (AI) bubble, highlighting that equity valuations for major technology companies are "particularly stretched." The central bank's latest financial stability report draws parallels between the current market and the periods preceding the dotcom bubble burst and the 2008 global financial crisis. It identifies that the projected multi-trillion-dollar growth of the AI sector is heavily reliant on debt, creating systemic risks should an asset price correction occur. While Governor Andrew Bailey notes key differences from the dotcom era—namely that today's AI firms have positive cash flows—the Bank joins other major institutions like the IMF and OECD in sounding the alarm. Concurrently, the Bank of England is taking measures to stimulate the economy by lowering capital requirements for High Street lenders for the first time since 2008, a move intended to boost lending. This occurs within a broader context of rising global risks, including geopolitical tensions, and will have direct impacts on UK households, with millions of mortgage holders facing higher repayments.