The Bank of England is ringing the bell over an ‘AI bubble’ that could burst at any moment – or maybe not, some experts told Metro.

After ChatGPT came on the scene in 2022, the tech industry quickly began comparing the arrival of AI to the dawn of the internet in the 1990s.

Back then, dot-com whizzes were minting easy millions only for the bubble to burst in 2000 when interest rates were hiked. Investors sold off their holdings, companies went bust and people lost their jobs.

Now central bank officials are worried that the AI industry may see a similar boom and bust. A record of the Financial Policy Committee’s October 2 meeting shows officials saying financial market evaluations of AI ‘appear stretched’.

‘This, when combined with increasing concentration within market indices, leaves

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