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EconomyBIS chief warns AI capex arms race relies on opaque debt, posing systemic risks

Pablo Hernandez pointed to past railway and dot-com bubbles to warn that AI spending driven by hype rather than real profits could trigger broad economic corrections.

artificial intelligencecapital spendingdebtsystemic risk

CCoinDesk★★★☆☆2026-09-10 12:00Original

BIS chief warns AI capex arms race relies on opaque debt, posing systemic risks
BIS chief warns AI capex arms race relies on opaque debt, posing systemic risksEconomy