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People walk near the Bank of England building in London, on Feb. 3, 2025. Toby Melville/Reuters
The Bank of England and the International Monetary Fund (IMF) have become the latest institutions to warn of a market correction driven in part by a potentially deflating bubble in artificial intelligence (AI).
According to minutes from its Oct. 2 policy meeting, the Bank of England expressed concern about the increasing “risk of a sharp market correction.”
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