The central bank of central banks warns AI frenzy could trigger stock-market slump and jeopardize economy

AI Summary

The central bank of central banks warns that an AI frenzy could result in a stock market slump and jeopardize the broader economy, highlighting risks like investor complacency and circular financing in credit markets.

Rich stock market valuations, investor complacency, circular financing, and the potential knock-on effects in credit markets are a clear warning in the BIS annual report