BoE's Bailey says AI productivity boost may take time to emerge

May 21 (Reuters) - Bank ​of ⁠England Governor ​Andrew Bailey said on Thursday ​it ‌could take time for ⁠a productivity boost from ⁠artificial intelligence ​to arrive.

"Today, the life expectancy of a new ​model ‌release is around three to four months. But, even so, ​that does not tell ‌us how rapidly AI will shift the ‌productivity numbers," Bailey said in the text of a ​speech due to be delivered ‌in Sheffield later.

"AI may well ride to the ⁠rescue, ⁠but how ‌quickly it will arrive in the ​productivity ​numbers is ‌an open question," he added. (Reporting by Andy Bruce; editing by David Milliken)