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Andrew Bailey

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Bank of England's Bailey warns AI investment boom could spark market correction

Bank of England Governor Andrew Bailey told the BBC the central bank is closely monitoring massive investment flowing into AI, warning that asset prices for AI-linked firms could face a correction. He noted Nvidia's $5.5tn valuation and heavy spending by Alphabet, Meta, Microsoft and Amazon, alongside plans by Anthropic and OpenAI to sell shares on US markets.

bbc.co.uk · 2026-10-01

BoE's Bailey says AI testing must precede regulation

Bank of England Governor Andrew Bailey wrote in his first Substack post that AI risks are 'real and increasingly significant' but that regulation is not the starting point. He argued for rigorous testing to identify vulnerabilities first, alongside safeguards and boundaries for AI operation, while stressing AI development should continue given its immense benefits.

bbc.co.uk · 2026-09-30