国际清算银行(BIS)在6月底报告中表达了对“AI泡沫”的担忧。BIS警告,AI驱动的市场抛售可能迅速蔓延至信贷市场,因为2008年和2020年等压力时期,股票损失与信用利差同步变动。私人信贷对小型企业的贷款增多,且软件借款人日益绑定多个贷款方,导致AI冲击可能通过透明度较低的信贷系统扩散。
Bank for International Settlements (BIS) is warning that an AI-driven market selloff could quickly spill into credit, because stock losses and credit spreads have moved together in past stress episodes like 2008 and 2020.
Private credit has also become a bigger lender to smaller firms, and software borrowers are increasingly tied to multiple lenders, so an AI shock could spread through a less transparent credit system.