Dossier
canals
Coverage of canals in the Nexus archive.
- The AI boom's historical warning
The Bank for International Settlements (BIS) warns that the current AI investment boom resembles past technological booms like canals, railroads, and the internet, which led to economic downturns. The report highlights risks of a potential bust if AI's productivity payoffs fail to materialize, stressing vulnerabilities in a global economy reliant on this investment surge.