Excessive AI spending risks global financial consequences, BIS warns

The AI investment surge is a potential flashpoint for systemic risk, “as financing has relied on enormous debt and highly leveraged nonbank structures that can rapidly unwind,” one analyst said in response to the report.


Source:Cointelegraph
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Source:https://cointelegraph.com/news/bis-sounds-alarm-on-ai-exuberance-as-debt-fueled-boom-risks-bust