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

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

Pablo Hernandez cited historical railway and dot-com bubbles to caution that spending driven by hype over actual profits risks broad economic corrections.

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

Source：CoinDesk

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Source：https://www.coindesk.com/business/2026/09/10/ai-s-rapid-rise-poses-global-financial-stability-risks-says-head-of-the-bis