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S&P Global downgraded Oracle's credit rating to BBB- due to massive AI data center investments and heavy dependence on OpenAI, posing significant financial risk.
This article discusses growing concerns from banks and hyperscalers about a potential AI bubble, citing a Bank for International Settlements report warning of economic risk and Oracle's significant stock decline. It features a podcast episode analyzing the situation.
Central bankers warn that the rapid growth of AI could lead to a global financial crash if not properly regulated.