BUSINESSQUARTZ
The world's central banks' bank warned the AI spending frenzy could crash markets
The Bank for International Settlements warned that the AI spending frenzy by the five largest hyperscalers could crash markets. These companies are projected to spend over $1 trillion on AI capital expenditure in 2025 and 2026.
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Adjacent reporting
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- Excessive AI spending risks global financial consequences, BIS warns
- One of the most powerful El Niños on record cost the world economy $5.7 trillion. The 2026 cycle might be even stronger
- Companies evaluate aggressive AI spending as costs pile up
- Bond tremors from Washington to London to Tokyo upend Asia
- Microsoft’s stock is suffering a historic June rout as investors balk at heavy spending