financial institutions
Central Banks Remain Cautious on AI Adoption While Dollar Dominance Persists Despite Diversification Efforts
Nov 27, 2025 02:26 am CST
A survey of central banks managing $6.5 trillion reveals most haven't integrated AI into core operations, with 93% avoiding digital assets. Despite desires to diversify from the dollar, its unmatched liquidity maintains its dominance as the global reserve currency amid shifting toward a multipolar financial system.
AI Investment Bubble Warning: Financial Institutions Raise Concerns About Market Correction Risks
Oct 09, 2025 04:43 pm CST
Financial institutions including the Bank of England and IMF are sounding alarms about a potential AI investment bubble, comparing current tech stock valuations to the 2000 dotcom bubble peak. As OpenAI reaches a $500 billion valuation despite not being profitable, experts debate whether AI's economic promise justifies the massive investments or if market expectations have become dangerously inflated, raising risks of a sharp market correction that could impact global economic growth.
Trump's UK Visit Lands AI, Pharma, And Nuclear Pledges
Sep 18, 2025 02:04 am CST
President Donald Trump's state visit to the UK has delivered pledges from US tech giants to invest a combined $42 billion to help drive Britain's AI sector.