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The Guardian Business · Aug 31, 2026 9:00 AM EDT AIMacroFinance

AI could cause global economic downturn, Bank of England governor tells G20

Andrew Bailey, in role as financial stability watchdog chief, warns advanced models risk destabilising systemThe Bank of England’s governor, Andrew Bailey, has joined the throng of figures warning about the global risks posed by the most advanced artificial intelligence technology.In a two-page letter sent to international finance ministers and central bank governors as part of his role as chair of the international…

AI could cause global economic downturn, Bank of England governor tells G20
Image The Guardian Business

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