Central bankers warn that debt-fueled spending on AI could lead to a global financial crisis. The Bank for International Settlements (BIS) cites excessive investment in AI data centers and complex financial ties among AI companies and shadow banks as significant risks.

Larry Fink, CEO of BlackRock, warns that the artificial intelligence boom may exacerbate wealth inequality, benefiting only a select few companies and investors. He emphasizes the rapid investment in AI and its significance in the strategic competition between global powers like the US and China.