South Korea's Ministry of Data and Statistics opened a three-day workshop in Seoul on Tuesday with the OECD and the Asian Development Bank, bringing together more than 80 data experts from statistical…
A Bank for International Settlements paper published Sep. 9 by its Financial Stability Institute warns that advanced AI has narrowed the window between vulnerability discovery and exploitation from we…
A new Bank for International Settlements paper published Wednesday warns that frontier AI has narrowed the window between vulnerability discovery and exploitation from weeks to minutes, leaving banks …
Bank for International Settlements head Pablo Hernandez de Cos said AI's rapid rise is creating new financial stability risks, with the BIS estimating the world's five largest technology firms will in…
Bank of England Governor Andrew Bailey, writing as chair of the Financial Stability Board, warned G20 finance ministers and central bank governors that frontier AI models pose a threat to global finan…
Human-in-the-loop AI is becoming the default operating model in banking, according to an industry perspective, as institutions prioritize oversight and accountability over full automation. The shift a…
The AI infrastructure boom is increasingly being financed through debt rather than operating cash flows, according to analysts at JPMorgan, the Bank for International Settlements, and FactSet. JPMorga…
The Washington Post reports that Big Tech's massive AI spending is straining finances, with Google spending $1.15 for every dollar of cash generated in the past three months, and five leading AI compa…
Columbia University economic historian Adam Tooze said on his podcast Ones and Tooze that the AI boom is upending the social contract under capitalism, and he is baffled that Elon Musk's trillionaire …
Asia's AI boom, driven by tangible chip demand from U.S. tech giants, is fundamentally different from the dot-com bubble, with TSMC and Samsung Electronics joining the trillion-dollar market cap club.…
The Bank for International Settlements warns that the AI boom is complicating central bankers' ability to maintain stable prices, a strong job market, and a sound financial system by blurring traditio…
Credit default swaps on bonds from Oracle, Nvidia, and Apple are surging, with Oracle's CDS trading around 200 basis points and Nvidia's at 78 bps, signaling deepening investor anxiety about when mass…
The Bank for International Settlements warned on Tuesday that the artificial intelligence boom is blurring the economic signals central banks rely on to set interest rates, creating a dual shock to bo…
Hyperscaler-related debt issuance has crossed the $1 trillion mark as Alphabet, Amazon, Meta, Microsoft, and Oracle collectively commit roughly $1.6 trillion in capital expenditures from 2023 to 2026,…
Nvidia is financing up to $50 billion in leases at Hut 8's Beacon Point data center campus in Nueces County, Texas, a 1-gigawatt site designed around Nvidia's DSX reference architecture, according to …
Hedge fund manager Michael Burry increased bearish wagers on AI-linked stocks including Nvidia and Micron Technology, testing Beijing's stock market support as Moody's warned of debt risks from hypers…
The Bank for International Settlements warns that the AI capex boom is faster than historical investment cycles including canal mania, railways, electrification, and dotcom, with AI investment reachin…
Global investors poured a near-record $120.8 billion into U.S. stocks in May, the second-highest monthly inflow ever, according to Treasury International Capital data, driven by a fear of missing out …
The Bank for International Settlements (BIS) has warned in its annual report that the ongoing AI investment boom, with the five largest hyperscalers set to spend over a trillion dollars on AI-related …
S&P Global downgraded Oracle's credit rating from BBB to BBB-, one notch above junk, citing massive AI infrastructure investments that are driving debt and capital requirements. S&P forecasts a free c…