Nathanael Benjamin
Executive Director of Financial Stability, Strategy and Risk at the Bank of England, speaking on financial stability risks and supervisory responses related to AI valuations and debt financing.
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Jan 28, 2026 • 29min
AI's Bubble Trouble?: 2. What are the consequences of an AI economic crash?
Jerry Kaplan, Silicon Valley entrepreneur and AI historian, Dame Diane Coyle, Cambridge economist on macro and pensions, and Nathanael Benjamin from the Bank of England on financial stability. They explore whether AI valuations are a bubble. They discuss contagion to pensions and credit, debt-financing risks, market concentration, overinvestment in infrastructure, and who might survive a correction.
