BIS warns $1 trillion AI spend could spark financial‑stability crisis
The Bank for International Settlements’ 2026 Annual Report flags that the five biggest hyperscalers will pour over $1 trillion into AI‑related capex by 2026. It likens the spending spree to the dot‑com bubble, warning that over‑investment could erode financial stability and trigger a broader recession. Policymakers may need to tighten liquidity to curb the risk.