AI 繁荣是否正在埋下又一场金融危机的种子

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Opinion

Bill Dudley, Columnist

The AI Boom May Be Sowing Seeds of Another Financial Crisis

November 3, 2026 at 4:00 PM UTC

By Bill Dudley

Bill Dudley is a Bloomberg Opinion columnist. A former president of the Federal Reserve Bank of New York, he is a member of Coinbase Global's advisory council.

Proceed with caution.

Photographer: Jamie Squire/Getty Images

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Takeaways by Bloomberg AISubscribe

The unprecedented investment boom to build out the infrastructure for artificial intelligence is projected to reach more than $10 trillion, if all current plans are realized. The money is coming from many sources, including corporate cash flows, public equity and debt issuance, private debt issuance, off-balance sheet lease obligations and guarantees to AI data center developers from so-called hyperscalers and the leading chip provider, Nividia Corp.

There are several reasons for concern.

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