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: Excessive AI spending risks global financial consequences, BIS warns (https://cointelegraph.com/news/bis-sounds-alarm-on-ai-exuberance-as-debt-fueled-boom-risks-bust?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound)