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

https://mins.news/en/item/52978

- CoinDesk, 2026-09-10 12:00 UTC
- Economy
- Original: https://www.coindesk.com/business/2026/09/10/ai-s-rapid-rise-poses-global-financial-stability-risks-says-head-of-the-bis

> 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.

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