Central bank for central banks sees shades of dotcom mania in hyperscaler capex binge The central bank for central banks is concerned about the eye watering sums being invested into AI, and it raising the specter of a global recession should the bubble burst. In its annual report for 2026, the Bank for International Settlements compared the current craze to historical events, including canal and British railway mania in the 1800s, electrification exuberance of the 1920s, and the dotcom boom of...
