ECB vice-president warns of US AI bubble
Now is not the time to deregulate banks, says Luis de Guindos
The vice-president of the European Central Bank (ECB) has expressed concern about an asset price bubble in the field of artificial intelligence.
In a speech at the Euro Finance Week on November 18, Luis de Guindos said equity market capitalisation and listed companies’ earnings had been concentrated “greatly in recent years” in the field of AI. This was a phenomenon most acutely visible in the US tech sector, “raising concerns over the possibility of an asset price bubble connected to artificial
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