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Editorial: La Vanguardia

  • The European Central Bank (ECB) warns of the danger of a possible severe market correction of the shares of technology companies, that could be overly valued.
  • The ECB also urges the European Union to increase its investments in AI to keep up with the United States and China.
  • There is a division among investors who fear a technology bubble and those who see great potential in AI to multiply profits.
  • The vice president of the ECB, Luis de Guindos, argues that the task of a central bank is to identify the possible weaknesses in the system.
  • Guindos assures that the current situation does not resemble the internet bubble crisis of the years 1999-2000.
  • The president of the ECB, Christine Lagarde, warns that the EU must not lose the train of AI since this would jeopardize the future of Europe.

Conclusion: The current situation with artificial intelligence requires both ambition and caution, in order to both seize growth opportunities and avoid investment bubbles.