“The race to capture market share may have led to overinvestment,” said Pablo Hernández de Cos, general manager of the BIS. “This could leave the sector more vulnerable if AI under delivers, possibly bringing the current investment boom to an abrupt end.” The BIS noted that previous episodes in which very large sums were quickly … Continue reading In Basel Switzerland they know what Tulip Mania looks like. AI is the new Tulips. BIS says be cautious. It’s what I told you 3 months ago.