The Bank of England is worried that a rise in financiers' lending to data center lending may cause an AI bubble reminiscent of the dot-com crash in the early 2000s.
The Bank of England is investigating the rise of financiers lending to data centers as a way to speculate on the future of AI, Bloomberg said.
The UK’s top bank has already been examining market risks that could arise if AI companies fail to meet lofty valuations, warning that many could come crashing down in a correction reminiscent of the dot-com bubble in the early 2000s.
Now, it is exploring the relationship between AI companies and financiers that are looking to place bets in the AI market, Bloomberg reported on Friday.
You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.
Comments