Search results for "Economic Policy"

startups: Bank of England governor warns AI may need to be rationed

Bank of England Governor Andrew Bailey has warned that artificial intelligence may soon require rationing due to its escalating energy demands outstripping available power supplies. He stated that governments face "very big social choices" in prioritizing AI applications, citing examples like healthcare versus defense. Evidence of grid strain is already emerging in the EU and US, underscoring the urgency of this infrastructural challenge.