FTSE 100 Live: Warnings over AI-driven market boom
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JP Morgan's Jamie Dimon warns of a potential market correction due to an AI-driven boom, likening it to the dot-com crash. He expressed concerns about investments in AI, predicting that many will not yield positive returns. This caution follows a warning from the Bank of England regarding inflated valuations in AI tech companies. Despite these warnings, traders appear unconcerned about an AI bubble. Other headlines include HSBC's share decline and Lloyds' acquisition of Schroders' stake.
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