Bank of England Warns of Growing Risk That AI Bubble Could Burst
Posted3 months agoActive3 months ago
theguardian.comOtherstory
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Financial Risk
Economic Stability
The Bank of England warns that the growing AI industry may be forming a financial bubble that could burst, posing risks to economic stability, and commenters discuss the potential implications and parallels with historical tech bubbles.
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They cite this paper while also citing OpenAI’s valuation. If you actually read the paper, it doesn’t really talk about AI in general but just llm based saas and that people use their personal accounts for AI and are satisfied with it. So the paper, if anything, reinforces the idea that OpenAI is brining value and doesn’t make a claim about LLMs at large.
It really gives the impression of not doing much research to understand the nuances of the supposed bubble.