“AI Boom Risks Global Financial Crash, Warn Central Bankers”
June 28th, 2026Via: Telegraph:
Substantial debt-fuelled spending on AI is driving up the risk of a global financial crisis, central bankers have warned.
The Bank for International Settlements (BIS) said on Sunday that “excessive” spending on new AI data centres and opaque, debt-fuelled transactions risked a financial meltdown similar to the global credit crunch nearly two decades ago.
The BIS, known as the bank for central banks, said there was growing “peril” in financial markets from the complex web of financial ties between AI giants, shadow banks and data centre builders unravelling.
“Financial stability could … be at risk in the event of an AI bust,” the BIS said. “Should hyperscalers slow or halt the aggressive pace of capex deployment, many borrowers across the supply chain could struggle to replace lost revenue and service their debt.
“The opacity of AI-sector financing compounds these vulnerabilities.”
