Bank of England Governor Andrew Bailey warned that if there is a market correction after the artificial intelligence boom, it may trigger an impact on the financial market, and the UK needs to prepare for this. In an interview broadcast on Thursday, Bailey said that the Bank of England has been watching the situation “very closely” as large amounts of capital pour into the AI sector and drive asset prices to soar. “Everyone's pricing right now seems to think they're going to be a winner,” Bailey said. “Looking back, not everyone is going to be a winner in the end.” Bailey said that the Bank of England is ready to deal with market shocks and will ensure that the financial system remains resilient.

Bank of England Governor Andrew Bailey warned that if there is a market correction after the artificial intelligence boom, it may trigger an impact on the financial market, and the UK needs to prepare for this. In an interview broadcast on Thursday, Bailey said that the Bank of England has been watching the situation “very closely” as large amounts of capital pour into the AI sector and drive asset prices to soar. “Everyone's pricing right now seems to think they're going to be a winner,” Bailey said. “Looking back, not everyone is going to be a winner in the end.” Bailey said that the Bank of England is ready to deal with market shocks and will ensure that the financial system remains resilient.