Bank of England probes data-mining lending strategies fueling AI bets
NegativeCryptocurrency

The Bank of England is raising concerns about the increasing trend of financiers lending to data centers, fearing it could lead to an AI bubble similar to the dot-com crash of the early 2000s. This matters because such a bubble could have significant repercussions for the economy, reminiscent of past financial crises, highlighting the need for careful regulation and oversight in the rapidly evolving AI sector.
— Curated by the World Pulse Now AI Editorial System













