The bank sees a productivity boom and an implementation gap. Here's the argument for why it will close — and why the bubble may pop before that.

Bank of England Governor Andrew Bailey warns AI productivity gains may take years to materialize, drawing parallels to electrification and flagging equity valuation risks.

The bank sees a productivity boom and an implementation gap. Here's the argument for why it will close — and why the bubble may pop before that.

AI may transform the economy, but today’s spending boom looks fragile. Costs are surging, profits are uncertain, and the ultimate winners may arrive later.