The Bank for International Settlements (BIS) warned that global financial stability could come under pressure if the current AI boom reverses. According to NS3.AI, the BIS pointed to debt-fueled spending on AI data centers, opaque financing structures, and exposure through private credit as key sources of uncertainty.
The report highlighted that heavy borrowing tied to rapid buildouts could amplify risks if expectations for AI-related growth weaken. It also flagged limited transparency around how some projects are financed, which could make it harder for markets and regulators to assess vulnerabilities.
Separately, Yang Dong described the AI boom as a “super bubble.” In contrast, Amanda Agati said PNC does not see the rally as likely to pop soon.