The post Bank of England Probes Data Mining Lending Fueling AI Bets appeared on BitcoinEthereumNews.com. The Bank of England is investigating the rise of financiers lending to data centers as a way to speculate on the future of AI, Bloomberg said. The UK’s top bank has already been examining market risks that could arise if AI companies fail to meet lofty valuations, warning that many could come crashing down in a correction reminiscent of the dot-com bubble in the early 2000s. Now, it is exploring the relationship between AI companies and financiers that are looking to place bets in the AI market, Bloomberg reported on Friday. Although lending to data centers is still a niche market, it is poised to become a crucial source of funding, with an estimated $6.7 trillion needed by 2030 to keep up with the rising demand to power AI, McKinsey & Co said in April. Source: Christophe Barraud Bloomberg said the investigation was launched after BOE noticed an increasing amount of funds moved from hiring staff to spending billions of dollars on constructing data centers. With few AI-native stocks available and the crypto tokenization of private AI stocks not ready at scale, turning to data-center lending has been one of the few ways to place big bets in the AI space. Hesitant with AI, harsh with crypto The BOE’s probe could mean that this strategy faces future regulatory limits, potentially curbing returns and slowing AI innovation. UK crypto groups have also slammed the BOE’s proposal to limit individual stablecoin holdings to between 10,000 British pounds ($13,310) and 20,000 pounds ($26,620) — claiming it is not only restrictive but difficult and expensive to implement. While the BOE said it wouldn’t impose those restrictions forever, UK banks have also imposed measures of their own, with about 40% of 2,000 surveyed crypto investors saying that their banks had either blocked or delayed a… The post Bank of England Probes Data Mining Lending Fueling AI Bets appeared on BitcoinEthereumNews.com. The Bank of England is investigating the rise of financiers lending to data centers as a way to speculate on the future of AI, Bloomberg said. The UK’s top bank has already been examining market risks that could arise if AI companies fail to meet lofty valuations, warning that many could come crashing down in a correction reminiscent of the dot-com bubble in the early 2000s. Now, it is exploring the relationship between AI companies and financiers that are looking to place bets in the AI market, Bloomberg reported on Friday. Although lending to data centers is still a niche market, it is poised to become a crucial source of funding, with an estimated $6.7 trillion needed by 2030 to keep up with the rising demand to power AI, McKinsey & Co said in April. Source: Christophe Barraud Bloomberg said the investigation was launched after BOE noticed an increasing amount of funds moved from hiring staff to spending billions of dollars on constructing data centers. With few AI-native stocks available and the crypto tokenization of private AI stocks not ready at scale, turning to data-center lending has been one of the few ways to place big bets in the AI space. Hesitant with AI, harsh with crypto The BOE’s probe could mean that this strategy faces future regulatory limits, potentially curbing returns and slowing AI innovation. UK crypto groups have also slammed the BOE’s proposal to limit individual stablecoin holdings to between 10,000 British pounds ($13,310) and 20,000 pounds ($26,620) — claiming it is not only restrictive but difficult and expensive to implement. While the BOE said it wouldn’t impose those restrictions forever, UK banks have also imposed measures of their own, with about 40% of 2,000 surveyed crypto investors saying that their banks had either blocked or delayed a…

   The Pi Network ecosystem is once again demonstrating significant progress. While the community initially focused on mining ac