AI and the ghosts of tech booms past
In its latest financial stability report, the Bank of England warned that an AI crash could plunge the UK into recession, claiming that a “price correction in AI stocks, driven by a change in productivity and profitability among tech-led companies, could cause a 2.2 percent fall in U.K. GDP.”
This should serve as a warning to businesses everywhere.
The risks surrounding AI extend far beyond Silicon Valley.
Director, Cyber Security at CGI.
As leaders prepare for what comes next, however, many are still asking the wrong question.
“Is AI real, or is it hype?”
The last 30 years of technology should have taught us that the answer can be both.
The last tech crisis of the 20th century
Y2K was a real technical risk that came to look, in hindsight, like mass overreaction.
The UK spent billions preparing for the millennium bug, with organizations testing and patching systems that underpinned...
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