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The AI boom's historical warning

Data: BIS ; Chart: Danielle Alberti/Axios Today's AI buildout resembles earlier technological revolutions and capital booms that ended in painful busts. That's the new warning from the Bank for International Settlements, a top forum known as the "central bank for central banks." Why it matters: The technological revolutions that transform the economy have a long history of attracting more investment than what near-term returns justify. The risk is that AI follows the same pattern at a moment wh…

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AxiosCenter·2h ago
The AI boom's historical warning
Data: BIS ; Chart: Danielle Alberti/Axios Today's AI buildout resembles earlier technological revolutions and capital booms that ended in painful busts. That's the new warning from the Bank for International Settlements, a top forum known as the "central bank for central banks." Why it matters: The technological revolutions that transform the economy have a long history of attracting more investment than what near-term returns justify. The risk is that AI follows the same pattern at a moment wh…
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The AI boom's historical warning

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