BIS Warns That AI Debt Could Turn Boom to Bust

Excessive artificial intelligence (AI) investment could make the technology’s boom unsustainable, according to a new Bank for International Settlements report. “The AI build-out ranks among the largest technology-driven investment booms in U.S. history,” Phurichai Rungcharoenkitkul , an economist for the bank (BIS), wrote in a report published Tuesday (July 14).