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BIS Chief Warns AI Capex Arms Race Relies on Opaque Debt, Posing Systemic Risks
Pablo Hernandez, head of the Bank for International Settlements (BIS), cautioned that the rapid rise in AI-driven capital expenditure, fueled by hype rather than actual profits, risks broad economic corrections. He cited historical railway and dot-com bubbles as precedents for such spending patterns.
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Source：CoinDesk · Source Link
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