South China Morning Post

Former PBOC governor warns of potential crisis from AI investment, urging preparation

Former Chinese central bank governor Zhou Xiaochuan has warned that failed artificial intelligence investments could trigger financial turbulence and urged preparations to mitigate risks amid concerns over a potential bust of the AI investment bubble. “Consider[ing]... such a large amount of the investment going to the AI facility; if a part of it goes to failure, it causes financial turbulence, and this may create a crisis,” Zhou said during a panel discussion at the Bund Summit in Shanghai on.

By South China Morning Post

1 min read
Former PBOC governor warns of potential crisis from AI investment, urging preparation
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