Excessive AI spending risks global financial consequences, BIS warns

The AI investment surge is a potential flashpoint for systemic risk, “as financing has relied on enormous debt and highly leveraged nonbank structures that can rapidly unwind,” one analyst said in response to the report. Read More at https://cointelegraph.com/news/bis-sounds-alarm-on-ai-exuberance-as-debt-fueled-boom-risks-bust?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

BIS warns stablecoins risk fragmenting global financial system

The Basel-based institution said that private digital tokens fall short of the requirements for sound money and urged policymakers to accelerate work on tokenized forms of central bank and commercial bank money. Read More at https://cointelegraph.com/news/bis-warns-stablecoins-risk-fragmenting-global-financial-system?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound