‘Buckle up’: IMF and Bank of England join growing chorus warning of an AI bubble:
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The International Monetary Fund and Bank of England have both issued warnings about soaring stock market valuations.
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As industry spending surges, top financial institutions say a sharp correction could occur if investor appetite for artificial intelligence turns sour.
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“If you think of a bubble of about five stages, we’re probably in stage three,” Joost van Leenders, senior investment strategist at Dutch asset manager Van Lanschot Kempen, told CNBC.