160

Bank of England sounds alarm over AI bubble (www.telegraph.co.uk)

submitted 11 months ago by vane@lemmy.world to c/fuck_ai@lemmy.world

8 comments fedilink hide all child comments

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.

you are viewing a single comment's thread
view the rest of the comments

[-] homesweethomeMrL@lemmy.world 20 points 11 months 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.

[-] HK65@sopuli.xyz 14 points 11 months ago

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

this post was submitted on 08 Oct 2025

160 points (99.4% liked)

Fuck AI

8217 readers

1444 users here now

"We did it, Patrick! We made a technological breakthrough!"

A place for all those who loathe AI to discuss things, post articles, and ridicule the AI hype. Proud supporter of working people. And proud booer of SXSW 2024.

AI, in this case, refers to LLMs, GPT technology, and anything listed as "AI" meant to increase market valuations.

founded 2 years ago

MODERATORS

VerbFlow@lemmy.world

MrMcGasion@lemmy.world

TootSweet@lemmy.world

BigMikeInAustin@lemmy.world

cynar@lemmy.world

drmeanfeel@lemmy.world

pavnilschanda@lemmy.world

CriticalMedicine@lemmy.world

WonderfulWanderer@lemmy.world