BIS sees “systemic spillover” risk from debt-led AI spend

BIS warns on potential “systemic spillovers” from debt-fuelled AI spending

But even well-known AI-sceptic engineers are now grudgingly admitting that LLMs are pretty damn good at coding. One example is...

Edward Targett

Jan 12, 2026 - 3 min read

The Bank for International Settlements (BIS) says there is risk of “systemic spillovers” as the technology sector ramps up debt-laden AI investment.

(As The Stack has previously noted, AI infrastructure investment is increasingly delivered via private credit and opaque debt instruments.)

There’s nothing intrinsically wrong with debt financing.

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