{"id":21058,"date":"2026-08-31T18:16:12","date_gmt":"2026-08-31T18:16:12","guid":{"rendered":"https:\/\/8657085.xyz\/?p=21058"},"modified":"2026-08-31T18:16:12","modified_gmt":"2026-08-31T18:16:12","slug":"ai-could-cause-global-economic-downturn-andrew-bailey-warns-g20","status":"publish","type":"post","link":"https:\/\/8657085.xyz\/?p=21058","title":{"rendered":"AI could cause global economic downturn, Andrew Bailey warns G20"},"content":{"rendered":"<p> <div style=\"display: grid; grid-template-columns: 300px 160px; gap: 2px; width: 460px; background: #eee; padding: 2px;\">\r\n\r\n  <!-- \u6574\u884c\u5bbd\u5e7f\u544a -->\r\n  <div style=\"grid-column: 1\/-1; width: 460px; height: 250px; background: #ccc; display: grid; place-items: center;\">\r\n  <script async type=\"application\/javascript\" src=\"https:\/\/a.magsrv.com\/ad-provider.js\"><\/script> \r\n <ins class=\"eas6a97888e2\" data-zoneid=\"5876674\"><\/ins> \r\n <script>(AdProvider = window.AdProvider || []).push({\"serve\": {}});<\/script>\r\n  <\/div>\r\n  <div style=\"grid-column: 1\/-1; width: 460px; height: 90px; background: #ccc; display: grid; place-items: center;\">\r\n  <script async type=\"application\/javascript\" src=\"https:\/\/a.magsrv.com\/ad-provider.js\"><\/script> \r\n <ins class=\"eas6a97888e2\" data-zoneid=\"5876676\"><\/ins> \r\n <script>(AdProvider = window.AdProvider || []).push({\"serve\": {}});<\/script>\r\n  <\/div>\r\n\r\n  <!-- \u5de6\u4fa7\u7ad6\u6392 -->\r\n  <div style=\"height: 250px; background: #ccc; display: grid; place-items: center;\">\r\n  <script async type=\"application\/javascript\" src=\"https:\/\/a.magsrv.com\/ad-provider.js\"><\/script> \r\n <ins class=\"eas6a97888e2\" data-zoneid=\"5876672\"><\/ins> \r\n <script>(AdProvider = window.AdProvider || []).push({\"serve\": {}});<\/script>\r\n  <\/div>\r\n  <div style=\"height: 500px; background: #ccc; display: grid; place-items: center;\">\r\n  <script async type=\"application\/javascript\" src=\"https:\/\/a.magsrv.com\/ad-provider.js\"><\/script> \r\n <ins class=\"eas6a97888e2\" data-zoneid=\"5876680\"><\/ins> \r\n <script>(AdProvider = window.AdProvider || []).push({\"serve\": {}});<\/script>\r\n  <\/div>\r\n\r\n  <!-- \u53f3\u4fa7\u6469\u5929\u697c\uff08\u548c\u5de6\u4fa7\u5b8c\u5168\u5bf9\u9f50\uff09 -->\r\n  <div style=\"grid-row: 3\/5; height: 750px; background: #ccc; display: grid; place-items: center;\">\r\n  <script async type=\"application\/javascript\" src=\"https:\/\/a.magsrv.com\/ad-provider.js\"><\/script> \r\n <ins class=\"eas6a97888e2\" data-zoneid=\"5876678\"><\/ins> \r\n <script>(AdProvider = window.AdProvider || []).push({\"serve\": {}});<\/script>\r\n  <\/div>\r\n  \r\n  <script async type=\"application\/javascript\" src=\"https:\/\/a.magsrv.com\/ad-provider.js\"><\/script> \r\n <ins class=\"eas6a97888e6\" data-zoneid=\"5876682\"><\/ins> \r\n <script>(AdProvider = window.AdProvider || []).push({\"serve\": {}});<\/script>\r\n<\/div><br \/>\n<\/p>\n<div>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\"><b class=\"ssrcss-1xjjfut-BoldText e5tfeyi3\">The governor of the Bank of England has warned G20 finance ministers that artificial intelligence could cause a global economic downturn and pose a significant cyber security risk to financial systems.<\/b><\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Andrew Bailey said any collapse of growth in the AI sector could lead to a &#8220;future market correction&#8221; that spreads worldwide.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">In an open letter to finance ministers in the US on Monday, he said companies around the world should prepare for security breaches &#8220;involving simultaneous disruption across multiple firms&#8221;. <\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Earlier this month, a group of 100 firms, including Google, Microsoft, Anthropic and OpenAI, urged countries and groups to beef up their cyber defences before AI grows powerful enough to override them.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Bailey told the G20 finance ministers that a combination of highly priced stock markets, increased borrowing by investors, and the growing concentration of money into a small number of major technology companies could amplify any future market correction.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">&#8220;The issue is not simply that investors are borrowing more, but that leverage is interacting with high valuations and market concentration, in particular the increasing cross-investment between artificial intelligence (AI) companies and hyper scalers, in a way that could amplify a future market correction,&#8221; he said.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Bailey has called on those in charge of financial security to develop &#8220;appropriate steps to support safe and responsible model release and deployment on a global basis&#8221;.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Bailey,  who was writing in his capacity as chairman of the Financial Stability Board international watchdog (FSB), expressed concern about the &#8220;volatility&#8221; prompted by the effect of energy supply shocks caused by the US-Iran war.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">His warning comes several months after UK Chancellor John Healey announced a \u00a3100m fund aimed at backing British AI start-ups.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">That is part of the government&#8217;s efforts to grow the country&#8217;s &#8220;sovereign AI&#8221; capacity, developing homegrown AI technology to ensure the UK is not dependent on services from abroad.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Ministers want to see companies compete for the funding to help tackle challenges like cutting waiting lists in the NHS  and bolstering cybersecurity and defence.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">A UK government spokesperson said its&#8217; new AI economics institute was working with international partners to build &#8220;a stronger shared understanding of how AI is transforming economies around the world.&#8221;<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">&#8220;The institute is the first government-backed body of its kind focused on AI&#8217;s economic impact, helping policymakers understand what AI means for growth, productivity, jobs and public services as the technology develops at pace,&#8221; the spokesperson said.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">But there is growing concern that AI companies are increasingly developing models that can easily override the safeguarding systems of banks and financial centres.<\/p>\n<\/div>\n<p><!-- \u603b\u5bb9\u5668\uff1a\u6700\u5927\u5bbd908px Grid\u7d27\u51d1\u5e03\u5c40 -->\r\n<div style=\"display: grid; grid-template-columns: 728px 160px; gap:2px; width:908px; background:#eee; padding:2px;\">\r\n\r\n  <!-- \u901a\u680f\u9876\u90e8\uff1a\u6700\u5927\u6a2a\u5e45 908x258 \u8de8\u6574\u884c -->\r\n  <div style=\"grid-column:1\/-1; 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