Bank of England Governor Andrew Bailey said there are initial signs that artificial intelligence is beginning to deliver on its promise as a technology that can improve productivity. Bailey said that his communication with the company showed that artificial intelligence is gradually penetrating the economic sector, but said he still believes that the industry's valuation is “too high.”

Bank of England Governor Andrew Bailey said there are initial signs that artificial intelligence is beginning to deliver on its promise as a technology that can improve productivity. Bailey said that his communication with the company showed that artificial intelligence is gradually penetrating the economic sector, but said he still believes that the industry's valuation is “too high.”