There are characteristics of the AI boom that are concerning, such as complex and opaque financing terms and potential "wrong way" risk.

 

The AI Boom May Be Sowing Seeds of Another Financial Crisis

November 3, 2026 at 11:00 AM EST

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.