The AI boom's historical warning
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Data: BIS; Chart: Danielle Alberti/AxiosToday'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 when the
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