AI is likely to replace jobs, Bank of England governor warns

• AI likened to the Industrial Revolution – jobs will change, but not disappear
• Those who are prepared with the right skills should see the least disruption
• Bank of England also keeping an eye on 'AI bubble' fears

Bank of England Governor Andrew Bailey has likened artificial intelligence to the Industrial Revolution, suggesting the productivity-aiding tech could indeed force people out of certain roles.

However key to Bailey's proposition is that AI wouldn't necessarily lead to mass unemployment, we're just in the midst of one of the biggest shifts in human history.

As such, the governor highlighted the need for upskilling and retraining, noting that workers with the right training, education and skills will find it "a lot easier" to find employment in an AI-first era.