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

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Importance 35Neutral* Trust 85 · 1 source2.0Market Impact: 2.0/10 · Low
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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.

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