[Bank of England Plans to Simulate AI Impact to Assess Employment and Financial Risks] Jin10 News, March 5 – According to informed sources, the Bank of England is planning to simulate and evaluate the potential economic and financial impacts of a comprehensive artificial intelligence shock, due to concerns that this technology could lead to the disappearance of a large number of jobs and disrupt a wide range of businesses. The Bank of England will also consider whether to incorporate these evaluations into broader bank stress tests to reflect the potential surge in household and corporate loan defaults and the resulting damage to banks. The UK Office for Budget Responsibility calculated this week that AI-driven 'technological job replacement' could result in an additional 500,000 job losses, no increase in economic growth, and an additional £9 billion in annual government borrowing. The Bank of England has previously warned about the financial consequences of a collapse in AI stock valuations and has been closely monitoring the use of AI within the financial industry, but it has made limited comments on the potential risks of broader economic impacts.