Bank of England Warns of AI Company Valuation Risks: Bubble Threat Looms

The Bank of England has issued a stark warning about the unsustainable valuations seen in artificial intelligence (AI) companies, echoing concerns reminiscent of the internet bubble era. These inflated valuations are increasing the risk of a sharp market correction globally, according to BlockBeats. ⚠️
Recent defaults in US auto credit markets further exacerbate this concern, as highlighted by the Bank of England, underscoring the vulnerabilities within market-based financial systems.