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Bailey Sees AI as Positive Supply Shock for Economy

Guavy AI Editorial Team
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GBP
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The Bank of England's Governor, Andrew Bailey, has expressed his positive view on the impact of artificial intelligence (AI) on the economy.

Bailey sees AI as a 'positive supply shock' that can bring about significant changes in various industries and sectors.

This is not the first time Bailey has spoken about the benefits of AI. In a previous statement, he noted the potential for AI to increase productivity and efficiency in the economy.

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