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https://archive.ph/Hf2tr

The Bank of England has warned that a bubble in artificial intelligence (AI) stocks threatens to spark a major market correction, posing a “material” danger to Britain’s economy.

  • Optional@lemmy.world
    20·
    23 days ago

    Ms Georgieva warned that overall debt levels were also spiralling out of control and were projected to exceed the total size of the global economy by the end of the decade.

    This “sobering reality” would make it harder for governments to pay down debt and limit their ability to spend on vital public services, the IMF chief warned.

    • ℍ𝕂-𝟞𝟝@sopuli.xyzEnglish
      13·
      23 days ago

      I guess now we get to the logical conclusion of the system, less hospitals, less schools, more yachts, more pedo islands.