IBM’s CEO says trillions spent on AI data centers can’t pay off at today’s costs. The Bank of England warns AI is creating new financial risks in lending.

Arvind Krishna, CEO of IBM, has argued that the recent surge in spending by Big Tech on AI-data centers is economically unrealistic. On the “Decoder” podcast he estimated that building and fully outfitting a one-gigawatt AI data center costs about …

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England is lost, it’s over.

HOLY SH*T! Brit refused entry to an English pub for displaying the English flag. Only in UK! 🇬🇧 pic.twitter.com/EcDHGvd8vd — I Meme Therefore I Am 🇺🇸 (@ImMeme0) August 24, 2025

Bank Of England Cuts Bank Rate To 4.5%

The Monetary Policy Committee voted by a majority of 7-2 to reduce #BankRate to 4.5%. Find out more in our #MonetaryPolicyReport https://t.co/alETrQ281L pic.twitter.com/Vuo5G6m1H8 — Bank of England (@bankofengland) February 6, 2025