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City of London

Computer Says No? A Robot May Decide Who Gets Next Bank Bailout

  • University researchers have built tool to assess rescues
  • Multiple governments bailed out banks in 2008 financial crisis

Governments could soon predict whether a bank bailout will ultimately save taxpayer money using an artificial intelligence tool developed at two London universities.

Researchers at UCL and Queen Mary University of London have built an algorithm that assesses whether a bailout is the best strategy for the public purse, according to a UCL release on Thursday. It also suggests which firms should be saved as well as how much money should be spent.