Hernández de Cos advierte de que la “carrera armamentística” de las empresas de IA eleva el riesgo de pinchazo

BIS chief warns AI capex arms race relies on opaque debt, posing systemic risks

$1 trillion AI capex (top five firms, 2025-26) relies on opaque debt, warns BIS chief, risking financial stability if expected returns underperform. Tech leaders face rising ROI pressure; a correction could cascade globally, impacting equity valuations and capex allocation.