News Summary

• Bank of England governor Andrew Bailey spoke to the BBC on Thursday.
• He said the Bank is watching the money flowing into AI “very carefully” “You could see some correction of asset prices at some point,” he said.
• The interview followed an essay Bailey published on Wednesday in the Bank’s Insight series, Kalyeena Makortoff reported for The Guardian.
• In it, he called the risks of frontier AI models “real and increasingly significant”